Gate News, March 25 — Cipher Digital (CIFR) stock price rose approximately 9% in pre-market trading. The company announced a 15-year data center leasing agreement with a large-scale investment-grade client and secured a revolving credit facility of up to $200 million. According to the announcement, Cipher will develop and deliver high-performance computing (HPC) facilities—used for AI training and inference—at its existing site in the third data center park, further strengthening its position as an AI infrastructure partner for large technology companies. On the financing side, the company has obtained a syndicated revolving credit line supported by multiple global banks, with a maximum size of $200 million and an additional $50 million extension option, providing non-dilutive funding for expansion, liquidity management, and future growth.
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