Cipher Digital secures $200 million in credit to drive AI and HPC development

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CryptoWorld news reports that Cipher Digital has announced that it has secured up to $200 million in revolving credit facilities to support its transition from Bitcoin mining to long-term AI and HPC data center revenue. The facility is backed by leading global financial institutions and marks its first joint venture credit facility, providing a committed capacity of $200 million and an additional $50 million option. The credit facilities are set to mature in March 2030, with an interest rate equal to the secured overnight financing rate plus 1.25%–1.75%. The funds will be used to enhance liquidity, support working capital, and fund growth initiatives, including the construction and renovation of AI and HPC data centers. Chief Financial Officer Greg Mumford said the agreement is “an important step in the evolution of our capital structure,” adding that the credit facility highlights the company’s continued strength and maturity. In the first quarter of 2026, Cipher reported revenue of $35 million and an adjusted EBITDA loss of $48 million, reflecting the heavy reinvestment required for the transition.

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