08:21 AM EDT, 03/25/2026 (MT Newswires) -- Cipher Digital ( CIFR ) said Wednesday it has signed a lease agreement with an unnamed investment-grade hyperscale tenant for an initial period of 15 years.

The lease covers development and delivery of a new high-performance computing data center at an existing site, the company said.

Additionally, Cipher Digital ( CIFR ) said it has closed a revolving credit facility of up to $200 million, including an additional $50 million accordion option.

The facility matures in March 2030 and carries interest at the Secured Overnight Financing Rate plus 1.25% to 1.75%, the company said.

Proceeds from the facility will be used to improve liquidity, working capital, and growth initiatives, Cipher Digital ( CIFR ) said.

Shares of the company were over 10% higher in Wednesday premarket trading.