Cipher Shares Are Gaining Today - Here's Why

Cipher Digital Inc (NASDAQ:CIFR) shares are rising on Wednesday after announcing a 15-year data center campus lease. 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 facility. The syndicate included Banco Santander, Goldman Sachs, JPMorgan Chase, Sumitomo Mitsui Banking Corporation, and Wells Fargo. Cipher, a developer and operator of industrial-scale data centers, said the agreement marks its third large AI campus. Leadership Commentary and Strategy "This agreement for our third large AI campus reinforces Cipher's position as a trusted partner to develop high-quality HPC data center infrastructure for the world's leading companies," said CEO Tyler Page. "This transaction marks Cipher's first syndicated revolving credit facility and represents a major step in the evolution of our capital structure," said CFO Greg Mumford. "We believe this facility highlights the continued strength and maturation of our business, as well as the growing confidence in our long-term strategy from premier financial institutions. This facility provides non-dilutive capital with enhanced flexibility as we continue to scale the business as a leading HPC data center platform." Short Interest Rises Short interest in Cipher Digital rose from 63.38 million to 64.37 million shares, representing 20.85% of the float. Based on average daily volume, it would take about 2.63 days for short sellers to cover their positions. Technical Analysis The stock is currently trading 8.3% above its 20-day simple moving average (SMA) and 1.1% above its 50-day SMA, demonstrating short-term strength. Over the past 12 months, shares have surged 389.47%, and they are currently positioned closer to their 52-week highs than lows. The RSI is at 49.16, which is considered neutral territory. Meanwhile, MACD is at -0.3440, with the signal line at -0.4310, indicating a bullish signal as the MACD is above the signal line. The combination of neutral RSI and bullish MACD suggests mixed momentum. Key Resistance: $18.00 Key Support: $13.50 Earnings & Analyst Outlook Cipher Digital is slated to provide its next financial update on May 5, 2026 (estimated). EPS Estimate: Loss of 13 cents (Down from 2 cents) Revenue Estimate: $35.62 million (Down from $48.96 million) Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $20.30. Recent analyst moves include: Rosenblatt: Buy (Maintains Target to $24.00) (Mar. 19) Keefe, Bruyette & Woods: Outperform (Lowers Target to $20.00) (Mar. 11) HC Wainwright & Co.: Buy (Lowers Target to $25.00) (Feb. 25) Top ETF Exposure Schwab Crypto Thematic ETF (NYSE:STCE): 5.61% Weight Nicholas Crypto Income ETF (NYSE:BLOX): 5.64% Weight SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO): 6.02% Weight Significance: Because CIFR carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock. CIFR Price Action: Cipher Digital shares were up 7.73% at $16.03 at the time of publication on Wednesday, according to Benzinga Pro data. Image: PJ McDonnell from Shutterstock