The company also secured a revolving credit facility of up to $200 million with an investment-grade hyperscale tenant.

Expansion Into Data Center Infrastructure

Under its third campus lease, Cipher will develop and deliver a new HPC data center at an existing site.

The credit facility includes $200 million in committed capacity, with an additional $50 million accordion option, and is intended to support liquidity, working capital and growth initiatives.

The facility matures in March 2030, carries interest based on SOFR plus 1.25% to 1.75%, and was undrawn at closing.

Financing and Institutional Support

Morgan Stanley served as administrative agent, lead arranger, and bookrunner for the…

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