Cipher Digital Stock Pops as Firm Bolsters Shift From Bitcoin Mining With 15-Year Data Center Deal

25 Mar, 14:59
Source: Decrypt

AI Summary

Cipher Digital secured a 15-year data center lease and $200 million credit facility as it pivots away from Bitcoin mining, driving positive stock reaction.

Cipher Digital revealed a 15-year lease deal and a $200 million revolving credit facility, continuing its shift away from Bitcoin mining.