Artificial Intelligence (AI) and High Performance Computer (HPC) mining stocks rise ahead of the market following news of the largest AI infrastructure funding ever, according to Bloomberg.
Cipher Mining (CIFR) and IREN (IREN) are both up 7%, while Bitfarms (BITF) is up 12% as investors rotate back into AI-exposed assets after a recent correction. The rebound comes as banks prepare a $38 billion debt sale to finance two large data centers tied to Oracle Corp ( ORCL ), in what would be the largest-ever financing for AI infrastructure.
The debt is split into two senior secured credit facilities: $23.25 billion for a Texas project and $14.75 billion for a Wisconsin site, both developed by Vantage Data Centers for Oracle’s partnership with OpenAI under the Stargate initiative.
The loans expire in four years with two one-year extension options and are expected to be priced around 2.5% points above the benchmark, according to the article.
Oracle’s broader plan includes up to $500 billion in AI infrastructure investments, underscoring its ambitions in cloud computing and artificial intelligence.
