[Bitcoin Mining Firm Cipher Mining Plans Private Placement of $800 Million Convertible Senior Notes] According to Globenewswire, Bitcoin mining firm Cipher Mining (NASDAQ: CIFR) plans to privately issue a total principal amount of $800 million in convertible senior notes due in 2031, with an interest rate of 0.00%, to qualified institutional buyers. Cipher also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $120 million principal amount of the notes. The notes will mature on October 1, 2031, unless redeemed, repurchased, or converted earlier. Cipher intends to use a portion of the net proceeds from this offering to cover the cost of call option transactions, with the remaining funds allocated to financing the construction of its data center at Barber Lake, accelerating the full deployment of its 2.4 GW high-performance computing (HPC) strategy, continuing to expand its development site reserves, and for general corporate purposes.