Cipher Digital Lands Massive 15-Year AI Data Center Deal & $200M Credit Line
Cipher Digital just signed its third 15-year hyperscale data center lease and secured a $200M revolving credit facility.
Cipher Digital just signed its third 15-year hyperscale data center lease and secured a $200M revolving credit facility.
Data center and AI-related stocks like CoreWeave plunged sharply as rising credit risks and heavy spending fears spark a sell-off in speculative tech trades. Investors are pushing back against big capital expenses.
Cipher Mining becomes Cipher Digital, sells bitcoin assets, raises $3.73B, and signs 600 MW HPC leases with AWS and Google.
Google ramps up its challenge to Nvidia by investing in startups like Fluidstack ($100M) and backing data-center partners to expand adoption of its cost-effective TPU AI chips amid supply challenges.
Activist investor Starboard Value urges Bitcoin miner Riot Platforms to accelerate its shift to high-power data centers for AI and hyperscalers, highlighting huge potential amid Bitcoin struggles.
Morgan Stanley gives Overweight ratings to TeraWulf and Cipher Mining, highlighting strong infrastructure experience and upside potential in bitcoin-to-data center conversions.