PRESS RELEASE
11 March 2026

Cahill Represents Initial Purchasers In Black Pearl Compute LLC’s $2.0 Billion Notes Offering

CG
Cahill Gordon & Reindel LLP

Contributor

With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Reindel LLP is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.
Cahill represented the initial purchasers in connection with a Rule 144A offering of $2 billion aggregate principal amount of 6.125% senior secured notes due 2031 by Black Pearl Compute LLC.
United States

Cahill represented the initial purchasers in connection with a Rule 144A offering of $2 billion aggregate principal amount of 6.125% senior secured notes due 2031 by Black Pearl Compute LLC.

Proceeds from the offering will be used to finance the construction of a high-performance computing data center in Wink, Texas.

Black Pearl Compute LLC 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 bitcoin mining applications.

Contributor

With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Reindel LLP is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.

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