Cipher Digital Doubles Down On AI With $810M Note Offering — Analyst Says Lease Terms Hit ‘High End’
Cipher’s stock rose over 3% in early trade as the raise marked the latest step in its shift from Bitcoin mining toward AI and high-performance computing infrastructure. Cipher Digital plans to offer $810 million in senior secured notes through subsidiary Stingray Compute to fund a new data center. Net proceeds will finance the remaining cost … Read more