Cipher Digital Stock Jumps After $200 Million Credit Line, New AI Data Center Lease
Cipher Digital shares jumped 16% Tuesday after the company reported a wider first-quarter net loss of $114.3 million but announced a third AI data center campus lease and a $200 million revolving credit facility. Bitcoin mining revenue fell to $34.8 million from $49 million a year earlier. The company now claims $11.4 billion in contracted lease revenue and 907 megawatts of operating and contracted capacity.