Cipher Digital (CIFR) shares jumped 9% in pre-market trading after the company, formerly a bitcoin miner, announced a new long-term data-center lease and said it secured a $200 million revolving credit facility.
The company, which rebranded from Cipher Mining in February, revealed a 15-year lease agreement with an investment-grade hyperscale tenant for its third data center campus. Cipher will develop a high-performance computing facility at an existing site, strengthening its position as a partner to large technology firms building AI infrastructure.
The company renamed itself to reflect a strategic pivot away from bitcoin production toward the development of industrial-scale data centers for artificial intelligence and cloud workloads. The move aligns the company with the rapidly growing demand for high-performance computing capacity.
The revolving credit facility has an additional $50 million accordion option. Backed by a syndicate of leading global banks, the facility provides non-dilutive capital to support expansion, boost liquidity, and fund future growth initiatives.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
