Cipher Mining Inc.
CIFRW
NASDAQ Global Select4.09
USD
-0.21
- -
Cipher Mining Inc.
CIFRW
(NASDAQ Global Select)
Recent
price
4.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Cipher Mining Inc. (NASDAQ:CIFR), a subsidiary of Bitfury Holding B.V., develops and operates industrial-scale data centers in the United States focused on bitcoin mining and high-performance computing (HPC) infrastructure for artificial intelligence workloads; its core offerings include self-mining bitcoin via deployed ASIC miners achieving approximately 20.4 EH/s hash rate capacity across sites like the wholly owned 207 MW Odessa facility in Texas, Black Pearl Phase I at 150 MW operational since July 2025, and HPC colocation hosting services leveraging low-cost power in regions such as West Texas and Kentucky. The company maintains a substantial development pipeline exceeding 3.2 GW across multiple sites, including Barber Lake and the recently acquired 300 MW West Texas location energized with a high-voltage substation, enabling flexible allocation of power capacity between bitcoin mining and HPC tenants. Founded in 2020 and headquartered at 1 Vanderbilt Avenue in New York, New York, Cipher Mining targets cryptocurrency networks and major technology firms as customers, primarily operating in Texas with ERCOT market access and strategic power agreements like those with American Electric Power. Recent developments include a $5.5 billion, 15-year lease agreement with Amazon Web Services announced in Q3 2025 for 300 MW of AI capacity at a new site starting in 2026, a majority stake in the Colchis joint venture for a 1 GW West Texas HPC facility with a 1 GW direct connect to AEP targeting 2028 energization, and expansions of prior Fluidstack partnerships backed by Google comprising multiple 10-year HPC deals such as an additional 56 MW at Barber Lake generating approximately $830 million in committed revenue, alongside a $1.3 billion convertible offering to fund growth. These transactions mark Cipher's strategic pivot from pure bitcoin mining—where Q3 2025 revenue derived entirely from BTC production and holdings of over 1,200 bitcoin—to a diversified HPC data center operator amid surging AI demand.
Cipher Mining (NASDAQ:CIFRW) Shares Down 34.8% – Here’s Why