Cahill Represents Initial Purchasers in Cipher Compute LLC’s $1.4 Billion Initial, and $333 Million Add-on, Notes Offerings

November 24, 2025

Cahill represented the initial purchasers in connection with an initial Rule 144A offering of $1.4 billion aggregate principal amount of 7.125% senior secured notes due 2030 by Cipher Compute LLC, and a subsequent $333 million add-on offering to such notes.

The notes are backstopped by Google parent company Alphabet Inc. and will be used to finance the construction of a new data center near Colorado City, Texas.

Cipher Compute is a wholly owned indirect subsidiary of Cipher Mining Inc., which develops, owns and operates industrial-scale digital infrastructure to support high-performance computing and purpose-built data centers.