Cipher Mining Inc is trading 6.4% up at $23.89 after its Stingray Compute unit launched an $810 million senior secured notes offering to fund a high-performance computing data center fully pre-leased to Amazon Web Services.
- The $810 million capital raise is dedicated to financing a specialized HPC facility, marking a significant infrastructure expansion alongside AWS.
- Positive sentiment is being amplified by a broader rally in Bitcoin and cryptocurrency prices, supporting a recovery in the stock following a sharp pullback last week.