Cipher Digital (CIFR) stock rose approximately 9% in pre-market trading after signing a 15-year data center lease agreement with a major customer and securing a revolving credit facility of up to $200 million, which will facilitate the development of its high-performance computing facilities and strengthen its position as an AI infrastructure partner.

Hedge fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, is investing in data infrastructure and cryptocurrency mining companies, with a focus on fuel cell company Bloom Energy and AI cloud provider CoreWeave.

Despite Bitcoin prices dropping nearly 17%, the stock prices of several Bitcoin mining companies like TeraWulf and Cipher Mining have risen. Analysis indicates that these mining companies have a high proportion of hedge fund short positions, and a fundamental improvement could trigger a rebound. These companies have attractive power contracts, and capital is flowing toward structural winners.

February 24 News, Bitcoin mining hardware manufacturer Canaan announced that it will invest approximately $39.75 million to acquire a 49% stake in Cipher Mining's three Bitcoin mining farm projects in Texas, further expanding its strategic footprint in North American Bitcoin mining infrastructure and energy assets. The deal covers Alborz LLC, Bear LLC, and Chief Mountain LLC (collectively known as the ABC projects). After the transaction is completed, renewable energy infrastructure company WindHQ will still hold a 51% controlling stake.

Canaan Inc. announced the acquisition of a 49% stake in Cipher Mining's Alborz, Bear, and Chief Mountain projects, with a transaction amount of approximately $39.75 million. The total power capacity is 120 MW, with a hash rate of about 4.4 EH/s, and they repurchased 6,840 mining machines.

Morgan Stanley analyst Stephen Byrd stated that despite the decline in Bitcoin prices, Bitcoin mining companies like Terawulf and Cipher Mining are experiencing a resurgence as they provide power for AI data centers, with stock prices expected to increase by 159% and 158% respectively. He has given a underperform rating to MARA Holdings, believing its AI strategy is unfocused.

Bitcoin mining company Cipher Mining's subsidiary Black Pearl Compute issued $2 billion in junk bonds, attracting $13 billion in subscriptions. The funds will be used to build a data center in Texas and repay early investments. Despite multiple collaborations and development potential, Cipher's stock price fell 12.36% due to market factors.

Nasdaq-listed Bitcoin mining company Cipher Mining plans to issue $2 billion in senior secured notes to qualified institutional investors. The proceeds will be used to cover the construction costs and related expenses of the data center in Wink, Texas.

Bitcoin mining company Cipher Mining Inc.'s subsidiary Black Pearl Compute plans to privately issue $2 billion in 2031 maturity senior secured notes to fund the construction of a high-performance computing data center in Texas, repay previous equity investments, and establish reserves.

Odaily News BTIG analyst Jonathan Krinsky stated in a client report on Wednesday that following a peak-to-trough decline of -36% earlier this month, Bitcoin is now expected to continue its reflexive rebound, reaching at least 100,000 USD. According to Coin Metrics data, Bitcoin's latest trading price is 92,451.30 USD, having risen nearly 10% over the past five days, but still down 20% over the past month. The analyst noted that despite recent pullbacks, digital money mining companies Cipher Mining and Terawulf have performed excellently during the crypto assets pullback. Since Monday, Cipher Mining has risen 35%, while Terawulf has increased by 31%. Barclays