CIFR shares rise on new Hyperscaler agreement
CoinDesk
Cipher Digital stock increased 9% following a 15-year data center lease with a hyperscale tenant and secured $200 million in financing.Summary
Cipher Digital (CIFR), formerly Cipher Mining, saw its stock jump 9% in pre-market trading after announcing a new 15-year data-center lease agreement with an investment-grade hyperscale tenant for its third campus. This deal involves developing a high-performance computing facility, signaling the company's strategic pivot from bitcoin mining to building industrial-scale data centers for AI and cloud workloads. Additionally, Cipher secured a $200 million revolving credit facility, which includes a $50 million accordion option, providing non-dilutive capital to support expansion and growth initiatives.
(Source：CoinDesk)