Cipher Digital adds third AI lease, lines up $200 million credit facility as CIFR shares rise 10%
Cipher Digital shares rose 10% after securing a third 15-year AI data center lease and a $200 million revolving credit facility.Summary
Cipher Digital (CIFR) stock increased over 10% following the announcement of a new 15-year lease for an AI data center campus with an unnamed hyperscale customer, marking their third such deal. Concurrently, the company secured a revolving credit facility of up to $200 million, which was undrawn at closing and priced off SOFR, providing flexible capital for expanding data center capacity.
This move reinforces Cipher Digital's strategic pivot from pure-play bitcoin mining to leasing infrastructure for AI and cloud providers, a shift accelerated by a previous $5.5 billion, 15-year deal with Amazon Web Services. The company has also been divesting mining assets, such as selling its stake in West Texas mining JVs to Canaan, to focus on HPC revenue streams.
Despite the recent stock surge, CIFR remains significantly below its late-2025 peak, though its 430% gain over the past year indicates investor interest in miners demonstrating credible AI exposure.
(Source：The Block)