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.