Bitcoin mining company Cipher Digital secures $200 million in funding credit, plans to accelerate HPC expansion

According to GlobeNewswire, Nasdaq Bitcoin mining company Cipher Digital announced that it has secured a $200 million revolving credit facility supported by several global financial institutions. The new funds will be used to enhance liquidity and continue expanding the capabilities of its AI and HPC data center platform.

In addition, the company disclosed in its Q1 financial report that revenue reached $35 million and completed the signing of a lease agreement for a third artificial intelligence data center campus.