Artificial intelligence (AI) and high performance computer (HPC) mining stocks are rising pre-market after news of the largest AI infrastructure financing on record, according to Bloomberg.
Cipher Mining (CIFR) and IREN (IREN) are both up 7%, while Bitfarms (BITF) has jumped 12% as investors flocked back to AI-exposed assets following the recent correction. The rebound comes as banks are preparing a $38 billion debt sale to finance two major data centers tied to Oracle Corp (ORCL), which would be the largest financing ever for AI infrastructure.
The loan is divided into two senior secured credit facilities: $23.25 billion for the Texas project and $14.75 billion for the Wisconsin site, both being developed by Vantage Data Centers in partnership with Oracle under the Stargate initiative.
According to the article, the loans will mature in four years, with two one-year extension options, and are expected to be priced about 2.5% points above the benchmark.
Oracle’s broader plan includes up to $500 billion in AI infrastructure investments, underscoring its ambitions in cloud computing and artificial intelligence.