Traders drive Cipher Digital Inc. (NASDAQ: CIFR) stock higher after an $810M capital raise for its Stingray data center beats analyst lease projections.

Traders drive Cipher Digital Inc. (NASDAQ: CIFR) stock higher after an $810M capital raise for its Stingray data center beats analyst lease projections.

Cipher Digital is selling $810M in high-yield bonds to fund its Stingray data centre in West Texas, leased to Amazon for 15 years, at a yield of 6.25%.