PANews February 24 News, according to CoinDesk, the original Bitcoin mining company Cipher Mining has renamed itself Cipher Digital after releasing its Q4 earnings report, with its stock price dropping about 5% pre-market. The company reported Q4 revenue of $60 million, below analysts’ expectations of $84.4 million; adjusted loss per share of $0.14, higher than the expected loss of $0.06; quarterly adjusted net loss of $55 million.
Management described 2025 as a year of transformation, as the company shifts from Bitcoin mining to high-performance computing infrastructure. This quarter, Cipher secured 600 MW of contracted capacity, including a 300 MW, 15-year lease with Amazon Web Services, and a 300 MW, 10-year lease with Fluidstack and Google. The company raised $3.73 billion through three priority secured bond issuances to fund the construction of the Barber Lake and Black Pearl data center projects. Cipher also sold approximately $40 million worth of stock to acquire a 49% stake in three mining joint ventures, streamlining its structure to focus on a data center-centric business model transformation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC breaks through 76000 USDT
Gate News bot message, Gate market shows, BTC breaks through 76000 USDT, current price is 76071.4 USDT.
CryptoRadar3h ago
Bitcoin ETFs Add $664 Million as Assets Top $100 Billion Again
Crypto exchange-traded funds (ETFs) capped the week with a powerful surge, led by bitcoin’s massive inflow that pushed assets back above $100 billion. Ether extended its streak, while XRP and solana continued their steady climb.
Key Takeaways:
Bitcoin ETFs drew $663.91 million, pushing net asset
Coinpedia3h ago
Whale Deposits 3M USDC to HyperLiquid, Increases 30x BTC Short Position to $52.89M
A whale deposited 3 million USDC to HyperLiquid, boosting its 30x leveraged Bitcoin short to 700 BTC, valued at $52.89 million. The short was opened at $75,919, with a liquidation price of $80,839.93.
GateNews4h ago
Alcoa to Sell Idle Aluminum Smelter to NYDIG for Bitcoin Mining Infrastructure
Alcoa plans to sell its dormant Massena East aluminum smelter in New York to bitcoin miner NYDIG, with the deal closing by mid-2026. The facility's infrastructure makes it ideal for bitcoin mining, reflecting a trend of repurposing retired industrial sites.
GateNews6h ago
BTC falls below 75000 USDT
Gate News bot message, Gate market data shows that BTC has fallen below 75000 USDT, with the current price at 74996.3 USDT.
CryptoRadar9h ago
