Cipher Digital (CIFR), formerly a cryptocurrency mining company, has signed a 15-year lease with a hyperscale tenant to develop its third high-performance computing data-center campus. The company’s stock rose about 9% in pre-market trading after the announcement.
The financing package includes a revolving credit facility of up to $200 million, with an accordion option of up to $50 million, designed to bolster expansion and liquidity. It signals CIFR’s strategic pivot toward AI infrastructure and large-scale data-center deployments.
The revolving facility provides liquidity headroom to fund future expansions as CIFR scales its data-center footprint. As the AI era drives demand for scalable infrastructure, CIFR’s lease and financing package may attract investor interest and accelerate its pivot away from mining toward AI-centric infrastructure services.
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