Cipher Digital stock rises 9% on new data center deal with Hyperscale tenant
The new 15-year hyperscale lease and $200 million in financing underscore the push into AI data centers.
By James Van Straten, AI Boost|Edited by Stephen AlpherUpdated Mar 25, 2026, 12:51 p.m. Published Mar 25, 2026, 12:48 p.m.
Make us preferred on Google
What to know:
- Cipher Digital (CIFR) rose 9% in pre-market trading after the former crypto mining company said it signed a 15-year lease with a hyperscale tenant to develop its third high-performance computing data center campus.
- The company also secured a revolving credit facility of up to $200 million, with an additional $50 million option to support expansion and enhance liquidity.
Cipher Digital (CIFR) shares jumped 9% in pre-market trading after the company, formerly a bitcoin miner, announced a new long-term data-center lease and said it secured a $200 million revolving credit facility.
The company, which rebranded from Cipher Mining in February, revealed a 15-year lease agreement with an investment-grade hyperscale tenant for its third data center campus. Cipher will develop a high-performance computing facility at an existing site, strengthening its position as a partner to large technology firms building AI infrastructure.
The company renamed itself to reflect a strategic pivot away from bitcoin production toward the development of industrial-scale data centers for artificial intelligence and cloud workloads. The move aligns the company with the rapidly growing demand for high-performance computing capacity.
The revolving credit facility has an additional $50 million accordion option. Backed by a syndicate of leading global banks, the facility provides non-dilutive capital to support expansion, boost liquidity, and fund future growth initiatives.
Bitcoin NewsBitcoin MiningAI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.More For You
STS Digital unveils structured crypto platform with Kraken as distribution partner
By Omkar Godbole|Edited by Sheldon Reback2 hours ago
The platform, which covers 400 tokens, is aimed at banks, family offices, and high-net-worth individuals and comes as digital assets face growing institutional demand.
What to know:
- STS Digital introduced a global structured products platform for institutional investors, offering tailored crypto derivatives on 400 digital asset tokens.
- Kraken is serving as a distribution partner and is using the platform to power its new Dual Investment product, which offers eligible clients fixed returns on bitcoin and ether.
Monument Bank to tokenize 250 million pounds of retail deposits in UK first
1 hour ago
Bitcoin’s refusal to fall signals crypto's underlying strength even as war risks linger
1 hour ago
STS Digital unveils structured crypto platform with Kraken as distribution partner
2 hours ago
Bitcoin nears $72,000 as rising open interest signals growing leverage in choppy market
2 hours ago
Gold’s longest losing streak in a century meets bitcoin’s resurgence
2 hours ago
Crypto broker Bitpanda launches blockchain to connect EU banks with tokenized assets
4 hours agoTop Stories
There's a huge $14 billion bitcoin options expiry this Friday and it points to $75,000 as price magnet
4 hours ago
Circle stock plunges 20% as a new draft of the Clarity Act threatens stablecoin rewards
20 hours ago
Ripple taps Singapore's central bank sandbox to test stablecoin-powered trade finance with RLUSD
7 hours ago
Retail traders fare worse on prediction markets than sportsbooks
7 hours ago
BlackRock sees AI driving crypto’s next bull phase as altcoin interest fades
16 hours ago
