Cipher Digital

About

Cipher Digital (formerly Cipher Mining) is a next-generation HPC (High-Performance Computing) infrastructure and data center development platform built to support AI, cloud computing, and hyperscale workloads. It started as a bitcoin mining company but has shifted its focus toward becoming a hyperscale data center operator as demand for AI infrastructure and scalable compute continues to grow. With strong partnerships and long-term leases with hyperscalers such as Amazon Web Services (AWS), Google, and Fluidstack, Cipher Digital is positioned as a key player in the rapidly expanding AI and data center ecosystem. Key Features of Cipher Digital: • • Moved from crypto mining to AI and hyperscale computing to match growing demand. • Strong focus on energy sourcing and choosing high-value locations. • High-density, efficient data centers built for large compute needs. • Works with Amazon Web Services (AWS), Google, and Fluidstack through long-term HPC deals. Cipher Digital Milestones Year Achievements 2021 Founded as Cipher Mining Inc. (subsidiary of Bitfury Group) Completed SPAC merger with Good Works Acquisition Corp. 2022 Secured long-term power purchase agreements (PPAs) in Texas Launched joint venture sites: Alborz, Bear, and Chief 2023 Scaled self-mining hashrate to over 6.0 EH/s Became one of the lowest-cost Bitcoin producers in the U.S. industry Improved energy management to take advantage of grid curtailment 2024 Started major construction on the Black Pearl 300 MW facility Launched the "HPC hosting" pilot to move toward high-density computing Upgraded mining fleet with next-gen hardware ahead of the Halving 2025 Rebranded to Cipher Digital to reflect its AI-first direction Acquired the Ulysses 200 MW site in Ohio Raised $3.73B in senior bonds to support AI data center construction

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