Cipher Digital said it secured a $200 million revolving credit facility as it accelerates a shift from Bitcoin mining toward AI and HPC data centers, despite reporting a $114 million first-quarter loss.
Cipher Digital said it secured a $200 million revolving credit facility from multiple global financial institutions while accelerating a strategic shift from Bitcoin mining toward AI and HPC data center development. The company reported first-quarter revenue of $35 million and a $114 million loss, and said it has signed its third AI data center campus lease, underscoring an expansion strategy centered on longer-duration infrastructure revenue backed by multi-campus leases.