On June 12, Cipher Mining rose 5.26% in regular trading, trading at $24.595/share, with turnover of $56.60 million. The stock continues to gain momentum following the company's announcement of an $810 million senior secured notes offering to fund construction of an AI data center project leased to Amazon.

Cipher Digital's wholly-owned subsidiary Stingray Compute LLC priced $810 million in senior secured notes due 2031, carrying a 6.000% coupon rate at an issue price of 99.750% of par value. 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. The deal was jointly underwritten by Morgan Stanley, Goldman Sachs, Wells Fargo, Banco Santander, and SMBC Nikko Securities.

The offering highlights the company's accelerating transformation from Bitcoin mining to AI infrastructure. In February, Cipher raised $2 billion for its Black Pearl data center project, attracting over $13 billion in subscriptions, reflecting strong investor appetite for AI infrastructure assets backed by long-term hyperscaler lease agreements.

(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.)