Svmuu News Cipher Digital (CIFR) stock rose approximately 9% in pre-market trading after the company announced it had signed a 15-year data center lease agreement with an investment-grade hyperscale customer 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 at an existing site within its third data center campus, further strengthening its position as an AI infrastructure partner for large technology companies.
Regarding financing, the company has obtained a revolving credit facility supported by a syndicate of global banks, with a total size of up to $200 million, and includes a $50 million incremental expansion option. This provides non-dilutive funding support for its expansion, liquidity management, and future growth. (CoinDesk)