Artificial Intelligence (AI) and High Performance Computer (HPC) mining stocks are seeing gains pre-market following news of the largest AI infrastructure financing on record, according to RialCenter.
Cipher Mining (CIFR) and IREN (IREN) have both risen by 7%, while Bitfarms (BITF) has surged 12%, as investors shift back towards AI-exposed assets after a recent correction. This rebound coincides with banks gearing up for a $38 billion debt sale to finance two major data centers associated with Oracle Corp (ORCL), marking the largest financing ever for AI infrastructure.
The debt is divided into two senior secured credit facilities: $23.25 billion for a Texas project and $14.75 billion for a Wisconsin site, both being developed by Vantage Data Centers as part of Oracle’s partnership with OpenAI under the Stargate initiative.
The loans will mature in four years, with options for two one-year extensions, and are expected to price approximately 2.5% above the benchmark, as reported. Oracle’s broader plan includes up to $500 billion in AI infrastructure investment, highlighting its ambitions in cloud computing and artificial intelligence.
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