Bitcoin mining company Cipher Mining plans to issue convertible preferred notes to raise $150 million.
Nasdaq-listed Bitcoin mining company Cipher Mining plans to issue $150 million of convertible preferred notes to complete the construction of its data center project. At the same time, it will underwrite the issuance of common stock through Morgan Stanley to allow some note purchasers to engage in Hedging Transactions. This indicates that Cipher Mining is actively expanding its business scale and attracting investment.