[Cipher Mining Issues $1.4 Billion High-Yield Bonds for Data Center Construction] Cipher Mining announced the issuance of $1.4 billion in high-yield bonds to support its data center construction plans related to Google. The financing involves the issuance of 5-year senior secured notes by its subsidiary, which are non-callable for the first two years and carry a coupon rate of 7.125%. Morgan Stanley serves as the sole lead underwriter. Cipher Mining and TeraWulf have transitioned from Bitcoin mining operations to data center management, driven by the growing demand for AI computing power. The funds raised will be used for the construction of the Barber Lake data center facility near Colorado City, Texas.