🦄 Startups & VC 8h ago · Ana-Maria Stanciuc

Cipher Digital raises $810 million in junk bonds to build another Amazon data centre in Texas

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Cipher Digital raises $810 million in junk bonds to build another Amazon data centre in Texas
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Cipher Digital is raising $810 million from a junk-bond sale to finance a data centre in West Texas that Amazon will lease for 15 years, according to Bloomberg. The deal, pitched at a yield of about 6.25 per cent, will fund the remaining construction costs of Cipher’s Stingray Facility, a 100-megawatt computing campus in Andrews […]
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