Cipher Digital said it signed a 15-year lease with an investment-grade hyperscale tenant for its third data center campus, will develop a high-performance computing (HPC) facility at an existing site as part of a strategic shift from bitcoin mining to industrial-scale AI and cloud data centers, and secured a $200 million revolving credit facility (with a $50M accordion). Shares rose about 9% in pre-market trading.

Concrete, market-moving facts: a 15-year lease with an investment-grade hyperscale tenant, development of an HPC facility signaling a pivot to AI/cloud, and a $200M revolving credit facility; shares reacted with a ~9% pre-market jump.