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Cipher Mining ( (CIFR) ) has shared an announcement.
On February 4, 2026, Cipher Mining announced that its wholly owned subsidiary Black Pearl Compute LLC priced a $2.0 billion offering of 6.125% senior secured notes due 2031 at par in a private placement to qualified institutional buyers and certain non-U.S. investors, with closing expected on February 11, 2026 subject to market conditions. The proceeds are earmarked primarily to finance the remaining costs of the Black Pearl Facility, a high-performance computing data center in Wink, Texas, reimburse Cipher about $232.5 million for prior equity contributions tied to that project, fund debt service reserves and cover related fees, with the notes secured by first-priority liens on substantially all of the issuer’s and guarantors’ assets and supported by a completion guarantee from Cipher, underscoring the company’s commitment to expanding its HPC and bitcoin mining infrastructure and potentially reshaping its capital structure and risk profile for creditors and shareholders.
The most recent analyst rating on (CIFR) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Cipher Mining stock, see the CIFR Stock Forecast page.
Spark’s Take on CIFR Stock
According to Spark, TipRanks’ AI Analyst, CIFR is a Neutral.
The score is primarily held back by weak financial performance (ongoing losses and negative operating/free cash flow) and a soft technical setup with the stock below key shorter-term moving averages. Offsetting these, the earnings call points to a potentially transformative HPC strategy with major long-term counterparties and improved funding capacity, but valuation remains constrained by losses and the lack of a dividend.
To see Spark’s full report on CIFR stock, click here.
More about Cipher Mining
Cipher Mining Inc. is a developer and operator of industrial-scale data centers focused on bitcoin mining and high-performance computing (HPC) hosting, aiming to position itself as a leading innovator in bitcoin mining growth, large-scale data center construction and as a hosting partner for major HPC companies.
Average Trading Volume: 34,982,752
Technical Sentiment Signal: Buy
Current Market Cap: $5.63B
For a thorough assessment of CIFR stock, go to TipRanks’ Stock Analysis page.