Cipher Digital Inc. (Nasdaq: CIFR) announced its Q4 and full-year 2025 results, highlighting the company’s strategic rebranding from Cipher Mining to reflect its transition into high-performance computing (HPC) data center development. The company raised $3.73 billion through three high-yield bond issuances to fund the construction of its Barber Lake and Black Pearl data centers, with the projects progressing smoothly. Additionally, the company divested non-core assets, selling its 49% stake in three mining joint ventures to Canaan Inc. in exchange for approximately $40 million in stock. Cipher has secured 600 MW of HPC capacity through long-term lease agreements with AWS, Fluidstack, and Google. In Q4 2025, the company reported revenue of $60 million and an adjusted net loss of $55 million.
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Cipher Digital Releases Q4 2025 and Full Year Business Update
Cipher Digital Inc. (Nasdaq: CIFR) announced its Q4 and full-year 2025 results, highlighting the company’s strategic rebranding from Cipher Mining to reflect its transition into high-performance computing (HPC) data center development. The company raised $3.73 billion through three high-yield bond issuances to fund the construction of its Barber Lake and Black Pearl data centers, with the projects progressing smoothly. Additionally, the company divested non-core assets, selling its 49% stake in three mining joint ventures to Canaan Inc. in exchange for approximately $40 million in stock. Cipher has secured 600 MW of HPC capacity through long-term lease agreements with AWS, Fluidstack, and Google. In Q4 2025, the company reported revenue of $60 million and an adjusted net loss of $55 million.