Cipher Digital will raise $810 million through a junk‑bond sale to finance its West Texas Stingray data center leased to Amazon for 15 years.
The bond issuance is managed by Morgan Stanley, Goldman Sachs, Wells Fargo, Banco Santander and SMBC Nikko Securities.
Cipher, formerly Cipher Mining, previously raised $2 billion for its Black Pearl Texas data center, attracting over $13 billion in orders.
Amazon is simultaneously marketing at least C$7 billion ($5 billion) of Canadian dollar bonds.