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AI Miners Surge Pre-Market on Record $38B Oracle Data Center Deal Boosts Sector
A massive Oracle-led AI infrastructure financing ignites a sharp rally in AI and HPC mining stocks.
Oct 24, 2025, 8:25 a.m.
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What to know:
- Oracle’s $38 billion data center financing—split between projects in Texas and Wisconsin—marks a major milestone in the company’s $500 billion AI infrastructure push with OpenAI’s Stargate initiative.
- Cipher Mining (CIFR) and IREN (IREN) are both up 7%, while Bitfarms (BITF) has jumped 12%, reversing recent losses after a sector-wide correction.
Artificial Intelligence (AI) and High Performance Computer (HPC) mining stocks are rallying pre-market following 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 rotate back into AI-exposed assets after a recent correction. The rebound comes as banks prepare a $38 billion debt sale to fund two major data centers tied to Oracle Corp (ORCL), in what would be the biggest financing ever for AI infrastructure.
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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 being developed by Vantage Data Centers for Oracle’s partnership with OpenAI under the Stargate initiative.
The loans will mature in four years, with two one-year extension options, and are expected to price about 2.5% points above the benchmark, according to the article.
Oracle’s broader plan includes up to $500 billion in AI infrastructure investment, underscoring its ambitions in cloud computing and artificial intelligence.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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