Cipher Digital closed a revolving credit facility providing up to $200 million of committed capacity, with an accordion option of up to $50 million.
Shares of Cipher Digital jumped over 7% in premarket trading.
Proceeds will be used to enhance liquidity, support working capital, and fund growth initiatives.
The facility has a scheduled maturity of March 2030 and bears interest at SOFR plus 1.25% to 1.75%.
Morgan Stanley serves as Administrative Agent and acted as Lead Arranger and Lead Bookrunner, with Banco Santander, Goldman Sachs, JPMorgan Chase, Sumitomo Mitsui Banking Corporation, and Wells Fargo in the syndicate.
The facility was undrawn at close.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cipher Digital Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603250705PRIMZONEFULLFEED9678306) on March 25, 2026, and is solely responsible for the information contained therein.