Cipher Digital raises $810 million in junk bonds for Amazon-linked data center
Cipher Digital has raised $810 million through a junk-bond sale to help finance a data center project tied to Amazon.com Inc., adding another large riskier-debt deal to the artificial intelligence infrastructure boom, according to Bloomberg.
The financing underscores how quickly companies are tapping public debt markets to build out the power, computing and storage capacity needed for AI systems. Bloomberg reported that Cipher’s offering is part of a broader wave of funding for infrastructure linked to the expansion of cloud computing and artificial intelligence.