Amortization of Senior Secured Notes principal
Company: Cipher Mining - Project: Black Pearl Facility
The claim, verbatim
Notes principal will amortize semiannually at an initial rate of 7.00% per annum of the original principal amount, beginning after all phases of Black Pearl Facility construction are completed
Source (primary)
Cipher Mining 8-K filed 2026-02-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The principal amount of the notes will amortize on a semi-annual basis on February 15 and August 15 of each year in an initial amount equal to 7.00% per annum of the principal amount of the notes outstanding on the issue date... No amortization will be payable prior to the completion of all phases of construction of the Black Pearl Facility.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Cipher Mining 8-K filed 2026-02-11
Quote: “The principal amount of the notes will amortize on a semi-annual basis on February 15 and August 15 of each year in an initial amount equal to 7.00% per annum of the principal amount of the notes outstanding on the issue date... No amortization will be payable prior to the completion of all phases of construction of the Black Pearl Facility.”