Latham & Watkins advised Cipher Mining in the transaction.
Alborz LLC, a joint venture affiliate of Cipher Mining Inc. (NASDAQ: CIFR) and WindHQ LLC, has announced that it has entered into a two-year US$46.9 million secured credit facility with BlockFi Lending LLC, a leading crypto financial services company.
Cipher is an industrial-scale Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network’s critical infrastructure.
WindHQ‘s vision is to monetize energy via value added opportunities. Placing energy load directly on energy generation assets or advantageous physical locations, provides a significant amount of efficiency gains and economic benefits.
BlockFi is a new breed of financial services company. Founded in 2017 by Zac Prince and Flori Marquez, BlockFi is building a bridge between cryptocurrencies and traditional financial and wealth management products to advance the overall digital asset ecosystem for individual and institutional investors.
Latham & Watkins advised Cipher Mining in the transaction with a finance team led by Chicago partner Matthew Hays (Picture) and Bay Area partner Haim Zaltzman, with Bay Area associate Trevor Church and Los Angeles associate Rychelle Andersen. Advice was also provide on corporate matters by London partner David Stewart, Washington, D.C. partner Christopher Clark and Chicago counsel Andra Troy, with London associate Daria Latysheva; and on tax matters by Los Angeles partner Pardis Zomorodi, with associate Abigail Friedman.
Involved fees earner: Rychelle Andersen – Latham & Watkins; Trevor Church – Latham & Watkins; Christopher Clark – Latham & Watkins; Abigail Friedman – Latham & Watkins; Matthew Hays – Latham & Watkins; Daria Latysheva – Latham & Watkins; David Stewart – Latham & Watkins; Andra Troy – Latham & Watkins; Haim Zaltzman – Latham & Watkins; Pardis Zomorodi – Latham & Watkins;
Law Firms: Latham & Watkins;
Clients: Cipher Mining Technologies;