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StartupsThe Next Webabout 4 hours ago
Cipher Digital raises $810M in junk bonds for Texas data centreCipher Digital is raising $810 million in junk bonds at a 6.25% yield to fund the Stingray data centre in West Texas, which Amazon will lease for 15 years. The amortisation schedule is tied to project cash flow, a departure from typical fixed repayment structures. Morgan Stanley, Goldman Sachs, and others are running the offering.
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