Cipher Digital (CIFR)

Cipher Digital Inc. (NASDAQ: CIFR), formerly known as Cipher Mining Inc., is a publicly traded digital infrastructure company headquartered in New York, New York, that develops and operates industrial-scale data centers engineered for high-performance computing (HPC) and next-generation workloads, including artificial intelligence. Founded in 2021 with approximately 66 employees, the company has rapidly pivoted from its origins in Bitcoin mining—where it built and operated facilities primarily in Texas, such as the 207 MW Odessa site—to becoming a leading provider of purpose-built HPC data centers for hyperscale tenants. Leveraging its expertise in power sourcing (with over 4.3 GW of capacity identified), site development, and construction of mission-critical facilities, Cipher has secured major long-term partnerships and leases with top hyperscalers including AWS, Google, and Fluidstack, totaling around 600 MW of contracted HPC capacity and generating multi-billion-dollar revenue streams over 15+ year terms. With a robust development pipeline exceeding 3 GW across multiple U.S. sites, strong liquidity, and a capital-light approach to residual Bitcoin mining exposure, Cipher Digital positions itself as a trusted partner delivering reliable, efficient, and high-performance infrastructure to meet surging global demand for AI and advanced compute, all while maintaining the highest standards of innovation and execution.