Cipher Digital is undergoing a brand rebranding as the company shifts from Bitcoin mining to high-performance computing (HPC) and has shared a slide deck.

2026-02-24 13:20:00

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Cipher Digital (CIFR) stock dropped about 5% in pre-market trading after the company reported a Q4 earnings that fell short of Wall Street expectations. The company reported revenue of $60 million, below the expected $84.4 million; adjusted loss per share was $0.14, higher than the predicted $0.06 loss. Management emphasized that the company is strategically shifting from Bitcoin mining to high-performance computing (HPC) data centers and has signed 600 MW capacity contracts with partners including Amazon Web Services (AWS), Fluidstack, and Google. The company raised $3.73 billion through bond issuance for data center construction and sold approximately $40 million worth of stock in its three mining joint ventures.

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