Cipher Digital Inc.

Cipher Digital Inc., formerly known as Cipher Mining Inc., is a U.S.-based technology company headquartered in New York, New York. The company has strategically pivoted from primarily Bitcoin mining to developing and operating industrial-scale data centers for high-performance computing (HPC) hosting, including AI workloads. Its mission is to meet the growing demand for industrial-scale data center capacity and become a leading HPC development platform built for hyperscale.

Cipher Digital's core business involves securing power agreements, building physical infrastructure, and leasing data center capacity to hyperscalers on long-term contracts. While still having some Bitcoin mining operations, the company is actively winding them down as it expands its focus on AI and HPC infrastructure. Key offerings include the development and operation of highly efficient data centers, leveraging strategic site selection and access to competitive energy sources.

In a significant strategic move in February 2026, the company rebranded from Cipher Mining Inc. to Cipher Digital Inc. to reflect its shift towards AI/HPC infrastructure. Under the leadership of CEO Tyler Page, Cipher Digital has secured substantial long-term leases with major hyperscalers like Amazon Web Services (AWS) and Google for HPC data centers, representing billions in contracted revenue. The company is actively expanding its development pipeline, targeting 3.2 GW across eight sites nationwide, and is positioned as an emerging player in the rapidly growing AI and HPC hosting market. Cipher Digital Inc. is publicly traded on the NASDAQ under the ticker symbol CIFR.