Cipher Digital Secures Data Center Lease, Credit Facility

Cipher Digital has announced significant business updates, including the signing of a new 15-year data center campus lease with a hyperscale tenant. This long-term agreement underscores the growing demand for robust data infrastructure. Additionally, the company has secured a revolving credit facility of up to $200 million, supported by a syndicate of lenders. This financial backing is expected to provide Cipher Digital with the necessary capital to support its ongoing operations and future expansion plans.