US Stock Market Move | Signed a 10-year HPC mega deal and also received financial support from Alphabet Inc. Class C (GOOG.US, GOOGL.US), while Bitcoin mining company Cipher Mining (CIFR.US) rose by over 12%.

On Thursday, the stock price of American Bitcoin mining company Cipher Mining (CIFR.US) rose, with the stock up over 12% to $16.515 as of the time of writing. The company is accelerating its transformation towards high-performance computing (HPC) and artificial intelligence infrastructure. The company announced on Wednesday a 10-year HPC hosting partnership agreement with AI cloud platform Fluidstack, involving billions of potential revenue, with partial financial support from Alphabet Inc. Class C. Alphabet Inc. Class C will provide $333 million in "guarantee support" for Fluidstack's partial lease obligations to assist in financing related debt. Under the agreement, Cipher will add 39MW of IT load (supporting up to 56MW gross capacity) at its Barber Lake data center in Texas for Fluidstack to build an AI high-performance computing cluster. With this expansion, Fluidstack will lease the entire 300MW data center capacity at the site. This partnership will bring Cipher approximately $830 million in contract revenue over the initial 10 years, with two additional five-year renewal options. If all exercised, the extended portion of the transaction revenue will increase to around $2 billion, and the total value of the entire leasing period could reach approximately $9 billion. Meanwhile, Cipher's wholly-owned subsidiary Cipher Compute plans to issue $333 million of 2030 maturity senior secured notes in the private placement market. These notes will be combined with similar bonds issued by the company on November 13, 2025, into the same series. After the issuance, the outstanding notes of Cipher Compute in this category will increase to $1.733 billion. The company stated that the funding will be used for the continued construction of additional HPC data center rooms at the Barber Lake facility.