PANews reported on November 7th that Cipher Mining has raised $1.4 billion through high-yield debt to build a data center affiliated with Google. The company's subsidiary issued 5-year senior secured notes, non-callable for the first two years, with a yield of 7.125%. Morgan Stanley is the sole lead underwriter. Cipher and TeraWulf are shifting from Bitcoin mining to data center operations, driven by the demand for AI computing power. The funds raised will be used for the construction of a facility near Barber Lake, Colorado City, Texas.