Cipher Mining, a Nasdaq-listed Bitcoin mining company, plans to issue senior secured notes to qualified institutional investors, aiming to raise $2 billion. The issuance, contingent on market conditions and other factors, is backed by Cipher Black Pearl and 11786 Wink LLC. Proceeds will be used to cover remaining construction costs of a high-performance computing data center in Wink, Texas, fund a debt service reserve, and cover related expenses.