The disclosure of an investment-grade hyperscale tenant (AWS) alongside finalized financing terms appears to have reduced investor uncertainty around the capital raise, driving a sizable single-day move that can carry over near-term as the market digests deal economics.
Cipher Digital rises after naming AWS as Stingray tenant alongside $810 million debt offering: Video Blockspace Staff Mon, June 8, 2026 at 11:10 PM GMT+2 1 min read CIFR Shares of AI factory builder Cipher Digital (NASDAQ: CIFR) rose 8% Monday after disclosing that Amazon Web Services will be the tenant at its Stingray data center campus in Andrews, Texas. The disclosure came as part of an $810 million senior secured notes offering to fund the project, pairing fresh financing needs with the naming of a major tenant, which appeared to offset investor concerns about the capital raise. Stingray Compute LLC, a wholly owned indirect subsidiary of Cipher, plans to issue the notes in a private offering to qualified institutional buyers.
The notes mature in 2031. Proceeds will go toward the remaining construction cost of the Stingray facility, reimbursement of roughly $63. 6 million in prior equity contributions, and debt service reserves.
Cipher first announced the Stingray lease in March , describing it as a 15-year agreement with an “investment-grade hyperscale tenant. ” The company did not name the tenant or the site at that time. Monday’s filing filled in both blanks and laid out the lease economics in detail.
AI and Bitcoin’s daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts.
Oraklio AI Trading Intelligence
Oraklio turns news, price data, and market signals into structured BUY / SELL / NO_TRADE calls - updated continuously throughout the trading day.
Get started freeAlready have an account? Sign in →