On June 15, Cipher Mining Inc. (Cipher Digital) rose 5.1% overnight, trading at $25.82/share, with turnover of $1.31 million. The stock continues its upward trajectory following the successful pricing of an $810 million senior secured notes offering announced earlier this month.

Cipher Digital's wholly-owned subsidiary Stingray Compute LLC completed the pricing of $810 million in senior secured notes due 2031, carrying a coupon rate of 6.000% at an issue price of 99.750% of par value. The proceeds will primarily fund completion of the Stingray data center facility in western Texas, which will be leased to Amazon under a 15-year agreement for AI computing purposes. The deal was jointly underwritten by Morgan Stanley, Goldman Sachs, Wells Fargo, Banco Santander, and SMBC Nikko Securities.

This marks Cipher Digital's second major debt market transaction this year, following a $2 billion bond issuance in February for the Black Pearl data center project, which attracted over $13 billion in subscriptions. The former Bitcoin mining company has been aggressively pivoting toward high-performance computing and AI data center development, with long-term leases to hyperscalers like Amazon providing stable revenue visibility and supporting premium valuations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)