Cipher Digital Inc. CIFR

What this company does

Cipher Digital Inc. has evolved over the past several years from a pure-play bitcoin miner into a vertically integrated data center development and operations platform focused on energy-intensive compute infrastructure. Its vertical integration spans critical stages of the data center value chain, including land and power origination and interconnection, site development, data center design and construction, and ongoing facility operations. Its data center portfolio consists of 4.2 gigawatts of capacity across 10 sites, at various stages of interconnection. It is developing 600 megawatts of HPC data center facilities across two sites for hyperscaler tenants and operates approximately 207 MW of power at one bitcoin mining data center in Texas. The majority of its data centers are located in Texas. As of the filing date, it had 66 full-time employees, including officers. Cipher Mining Inc. was incorporated as a Delaware corporation on August 27, 2021, upon completion of a business combination in which Good Works Acquisition Corp., a special purpose acquisition company, merged a wholly-owned subsidiary with and into Cipher Mining Technologies Inc.

Written from the business description in Cipher Digital Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.