Shares of technology company Cipher Digital significantly increased in value following the announcement of a long-term contract. This involves a 15-year data center lease agreement with a major client, which has already positively impacted the market dynamics of the shares – at the opening of trading on March 25, the quotes rose by more than 10%.
This is reported by Finway
Details of the Agreement and Financing Expansion
The name of the new tenant has not been disclosed by Cipher Digital; however, it is known to be a highly-rated global client. As part of the contract, the company will build another modern data center on its own site, which will be an important step in developing infrastructure for the high-performance computing (HPC) segment.
“This agreement to create our third large campus for developing artificial intelligence solutions strengthens Cipher’s position as a reliable partner in developing high-quality data center infrastructure for high-performance computing for leading global companies,” stated the company’s CEO, Tyler Page.
In addition to signing the contract, Cipher Digital has secured access to a new credit line with a limit of up to $250 million: initially, funding of $200 million has been opened with the possibility of increasing it by another $50 million. These funds will be directed towards implementing new projects and further expanding its presence in the HPC sector.
Strategic Changes and New Direction
In February 2026, Cipher Digital underwent rebranding and announced a complete exit from the mining market, shifting its focus to stable cash flows, particularly through leasing its own data center capacities. The company’s management emphasized that this approach allows them to strengthen their position in the high-performance computing market and focus on long-term partnerships with leading companies worldwide.
The change in business model was a logical continuation of previous steps: earlier, Cipher Digital attracted significant investments to expand its infrastructure and sold off a large portion of its Bitcoin portfolio. Another example of such transformation is the company Core Scientific, which also reoriented itself to serve the AI sector and abandoned cryptocurrency mining.