Cipher Digital Stock Rises After 15-Year Hyperscale Data Center Lease

Shares of Cipher Digital (CIFR) climbed about 9% in pre-market trading after the company announced a 15-year lease agreement with an investment-grade hyperscale tenant. The agreement covers the development of the firm’s third high-performance computing data center campus, marking a significant step in its transition toward large-scale computing infrastructure.

The new facility will be built at an existing site and is designed to support artificial intelligence and cloud workloads, sectors experiencing rapid demand growth. The company recently rebranded from Cipher Mining to Cipher Digital, reflecting a strategic shift away from **Bitcoin mining toward industrial-scale data center development.

$200 Million Credit Facility Supports Growth

To finance expansion, Cipher Digital secured a revolving credit facility of up to $200 million, along with an additional $50 million accordion option. Backed by a syndicate of global banks, the funding provides non-dilutive capital to enhance liquidity and support future growth initiatives tied to AI infrastructure demand.

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