🟢 Cipher Mining Inc is trading 4.2% up today after pricing $810M notes for Stingray HPC data center

Cipher Mining Inc is trading 4.2% up today at $25.31 after its subsidiary, Stingray Compute LLC, priced an $810 million private offering of senior secured notes due 2031.

• The proceeds from the offering are earmarked to complete the construction of the Stingray Facility, a dedicated high-performance computing (HPC) data center.
• The stock's strength comes despite Bitcoin trading approximately 1.5–1.8% lower, signaling a decoupling from crypto prices in favor of the AI and HPC infrastructure growth narrative.
• The financing move highlights the company's strategic expansion into data center capabilities beyond traditional cryptocurrency mining.