Cipher Digital discloses the signing of a 15-year AI data center lease and secures $200 million in financing
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According to CoinDesk, Cipher Digital (CIFR) stock price rose about 9% in pre-market trading after the company announced a 15-year data center leasing agreement with an investment-grade hyperscale client and secured a revolving credit facility of up to $200 million.
According to the announcement, Cipher will develop and deliver high-performance computing (HPC) facilities at its existing site in the third data center campus, further strengthening its position as a partner for AI infrastructure for large tech companies. In terms of financing, the company has secured a revolving credit facility supported by a syndicate of global banks, with a total size of up to $200 million, along with a $50 million additional expansion option, providing non-dilutive funding support for its expansion, liquidity management, and future growth.
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