Cipher Digital Shares Jump 10% on New AI Lease Deal

TLDR

• Cipher Digital shares rose more than 10% to $16.40 in early Wednesday trading.
• The company signed a 15-year lease with an unnamed hyperscale customer for a new data center campus.
• Cipher Digital secured a revolving credit facility worth up to $200 million with an option to expand by $50 million.
• The credit facility remains undrawn and runs through March 2030 with pricing tied to SOFR.
• Cipher Digital continues shifting from bitcoin mining toward leasing infrastructure to high-performance computing clients.

Cipher Digital shares climbed over 10% to $16.40 on Wednesday after the company announced a new long-term lease and financing. The company confirmed a 15-year agreement with a hyperscale customer and secured a revolving credit facility worth up to $200 million. The update pushed CIFR higher in early trading, although the stock remains below its November peak near $25.

Cipher Digital secures 15-year hyperscale lease

Cipher Digital signed a 15-year lease with an unnamed hyperscale customer for a new data center campus. The company described the agreement as its third long-term campus deal. It said the lease strengthens its contracted high-performance computing portfolio and expands recurring revenue visibility.

The company continues to shift from bitcoin mining toward leasing infrastructure to large compute clients. It accelerated that transition in late 2025 when it signed a $5.5 billion, 15-year agreement with Amazon Web Services. It also began developing a 1 gigawatt data center site in Texas under that arrangement.

Cipher Digital later expanded its relationship with Fluidstack, increasing total contracted HPC revenue into the multi-billion-dollar range. The company stated that the latest lease reflects steady demand from hyperscale customers. It said the new agreement adds to a growing list of long-term contracts signed over the past year.

The company also sold its stake in certain West Texas mining joint ventures to Canaan in a stock deal worth about $40 million. It confirmed that transaction as part of its repositioning strategy. It continues to convert selected sites to support high-performance computing workloads.

Financing facility supports expansion plans

Cipher Digital secured a revolving credit facility worth up to $200 million, with an option to expand by $50 million. The company said the facility remained undrawn at closing. It structured the agreement to run through March 2030.

The facility carries pricing based on SOFR, a short-term interest rate benchmark. Cipher Digital stated that the structure provides flexible access to capital for future development. It plans to use available liquidity to build additional data center capacity.

Shares of CIFR rose more than 10% to $16.40 in early Wednesday trading following the announcement. The stock still trades about 35% below its November high near $25, according to The Block price data. However, CIFR has gained over 430% during the past year.

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