jain.com
The Analysis · Companies · People · Methodology

Senior secured notes offering

Company: Cipher Mining - Project: Black Pearl Facility

Subject kind
financing
Statement date
2026-02-02
Promised by
2031-12-31
Promised amount
2000000000.0 USD
Current status
stated

The claim, verbatim

Black Pearl Compute LLC intends to offer $2.00 billion aggregate principal amount of senior secured notes due 2031 in a private offering

Source (primary)

Cipher Mining 8-K filed 2026-02-03 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “$2.00 billion aggregate principal amount of senior secured notes due 2031 (the "Offering") in a private offering”

How we checked this

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/dp240991_8k.htm) in full (8,470 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Cipher Mining 8-K filed 2026-02-03

Quote: “$2.00 billion aggregate principal amount of senior secured notes due 2031 (the "Offering") in a private offering”

View cached copy (2026-08-31)Live source ↗