Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAngelica BallesterosSat, June 13, 2026 at 7:52 AM GMT+2 2 min readCipher Digital Inc. (NASDAQ:CIFR) is one of the 10 Stocks That Absolutely Exploded Higher.Cipher Digital rallied for a second day on Friday, climbing 8.26 percent to finish at $24.50 apiece and mirroring the rally in the broader market, as investor optimism was primarily fueled by the easing tensions between the US and Iran.Investors particularly poured funds into companies and sectors riding the artificial intelligence boom, helped by the rapidly growing sector.For illustration purposes only. Photo by Brett Sayles on PexelsIn its most recent developments, Cipher Digital Inc. (NASDAQ:CIFR) earlier this week successfully raised $800 million in fresh funds from the offer of senior secured notes. The notes have a tenor of five years and will carry a yield rate of 6 percent.Cipher Digital Inc. (NASDAQ:CIFR) said that proceeds from the offer will be used to fund the remaining cost of its Stingray data center—a new facility which will be leased by Amazon Web Services for a period of 15 years.The balance, on the other hand, will be allocated to reimburse the company for approximately $61.5 million of prior equity contributions to Cipher Stingray, as well as fund debt service reserves.The notes will be fully and unconditionally guaranteed by Cipher Stingray.However, Cipher Digital Inc. (NASDAQ:CIFR) pledged to provide a customary completion guarantee with respect to the Stingray Facility, under which it will fund the issuer as necessary to ensure the timely completion of the Stingray Facility in the event that the proceeds of the notes are insufficient.While we acknowledge the potential of CIFR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info