Latham & Watkins Advises Cipher Mining in Connection with Alborz’ Bitcoin Mining Equipment and Related Assets Secured Credit Facility

A firm Finance team advised the industrial-scale Bitcoin mining company in the transaction.

May 13, 2022

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.

Latham & Watkins LLP advised Cipher Mining in the transaction with a finance team led by Chicago partner Matthew Hays 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.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.