PANews
PANews|Feb 24, 2026 13:23
[Cipher Mining Renamed to Cipher Digital, Shifting from Bitcoin Mining to HPC Infrastructure] According to CoinDesk, former Bitcoin mining company Cipher Mining has been renamed Cipher Digital after releasing its fourth-quarter earnings report, with its stock price dropping about 5% pre-market. The company reported fourth-quarter revenue of $60 million, falling short of analysts' expectations of $84.4 million; adjusted loss per share was $0.14, higher than the expected loss of $0.06; and the quarterly adjusted net loss was $55 million. Management described 2025 as a year of transformation, as the company shifts from Bitcoin mining to high-performance computing (HPC) infrastructure. This quarter, Cipher secured 600 MW of contracted capacity, including a 300 MW, 15-year lease agreement with Amazon Web Services, and a 300 MW, 10-year lease agreement with Fluidstack and Google. The company raised $3.73 billion through three senior secured bond issuances to fund the construction of the Barber Lake and Black Pearl data center projects. Cipher also sold a 49% stake in three mining joint ventures for approximately $40 million in stock to streamline its structure and advance its transition to a data center-focused business model.
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