Cipher Digital shares rise 8.44% on strong AI data center growth and new credit facility.

Cipher Digital reported a Q1 loss of 28 cents per share on $34.84 million revenue, missing estimates, but showed strong progress in AI data center development. The company has 907 MW of operating capacity and a 3.3 GW pipeline expected online by 2030+, with $11.4 billion contracted revenue from HPC capacity. Cipher secured a $200 million revolving credit facility, boosting liquidity. Construction at key campuses is on track, supporting its position as a leading HPC platform. Shares rose 8.44% to $19.39 following the results.