ChainCatcher report, according to CoinDesk, Cipher Digital (CIFR) shares rose approximately 9% in pre-market trading after the company announced a 15-year data center lease 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 a high-performance computing (HPC) facility on its existing site at its third data center campus, further solidifying its position as a partner in AI infrastructure for large technology companies. On the financing side, the company has obtained a revolving credit facility of up to $200 million, backed by a syndicate of global banks, with an additional $50 million expansion option, providing non-dilutive funding to support its expansion, liquidity management, and future growth.
Cipher Digital Signs 15-Year AI Data Center Lease and Secures $200 Million in Financing
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Summary
Cipher Digital (CIFR) signed a 15-year data center lease with an investment-grade hyperscale client and secured a $200 million revolving credit facility. The funding includes a $50 million expansion option and supports momentum in AI and crypto news. The company will build high-performance computing infrastructure at its third campus, targeting major technology clients. The credit facility, backed by global banks, provides non-dilutive funding for growth. Inflation data trends may influence future capital deployment decisions.
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