Cipher Digital Acquired | Technology M&A Deal

Cipher Digital acquisition has completed the pricing of Cipher Digital, a technology other business in New York, for $810.0 million. Cipher Digital operates industrial-scale data centers and provides infrastructure for large-scale computing, supporting demand for secure, high-capacity facilities. The company’s Stingray Compute LLC subsidiary is issuing 6.000% senior secured notes due 2031 to fund the remaining cost of the Stingray Facility and technology M&A related capital needs. This technology M&A other acquisition is structured as a private offering to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, with expected close on June 15, 2026. Notes are guaranteed by Cipher Stingray and secured by first-priority liens on substantially all assets and equity interests, with proceeds also reimbursing about $61.5 million of prior equity contributions.