Cipher Digital (CIFR) shares jumped 9% in pre-market trading after the company, formerly a bitcoin miner, announced a new long-term data-center lease and said it secured a $200 million revolving credit facility.The company, which rebranded from Cipher Mining in February, revealed a 15-year lease agreement with an investment-grade hyperscale tenant for its third data center campus. Cipher will develop a high-performance computing facility at an existing site, strengthening its position as a partner to large technology firms building AI infrastructure.The company renamed itself to reflect a strategic pivot away from bitcoin production toward the development of industrial-scale data centers for…

From Woolard v. Thurmond, written by Judge Andrew Hurwitz and joined by Judges Eric Miller and Jennifer Sung, and released in slightly amended form yesterday: California provides free public education through its common schools. It long did so through brick-and-mortar schools owned and operated by public school districts. In 1992, California authorized the establishment of charter schools, “public schools funded with public money but run by private individuals or entities rather than traditional public school districts.” Like traditional public schools, charter schools can provide non-classroom-based instruction, including “independent study” programs, in which parents provide home-based direct instruction approved by the…

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