Oracle’s $38B Data Center Deal Sparks Pre-Market Surge in AI Miner Stocks

AI and HPC Miners Surge Pre-Market on $38B Oracle Data Center Deal

AI and High-Performance Computing (HPC) mining stocks jumped in pre-market trading after news of the largest AI infrastructure financing on record, according to Bloomberg.

Cipher Mining (CIFR) and IREN (IREN) climbed 7%, while Bitfarms (BITF) surged 12%, as investors rotated back into AI-focused assets following a recent pullback. The rally comes as banks prepare a $38 billion debt package to fund two major Oracle Corp (ORCL) data centers—the biggest financing ever for AI infrastructure.

The financing is structured as two senior secured credit facilities: $23.25 billion for a Texas site and $14.75 billion for a Wisconsin facility, both developed by Vantage Data Centers under Oracle’s Stargate initiative in partnership with OpenAI.

The loans have a four-year maturity with two one-year extensions and are expected to price around 2.5% above the benchmark. Oracle’s broader AI strategy could see up to $500 billion invested in infrastructure, highlighting its ambitions in cloud computing and artificial intelligence.