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
比特币财库公司EmperyDigital第三大股东要求出售3723枚BTC并返还现金
美股比特币财库公司EmperyDigital因持有3723枚BTC正面临股东争议，第三大股东Tice P. Brown要求管理层辞职并出售比特币资产，管理层则表示反对，认为这样会损害公司长期价值。
GateNewsJust Now
Crypto Biz: Shareholders revolt over Bitcoin treasury
Bitcoin (CRYPTO: BTC) treasuries have become a flashpoint for investors weighing the merits and risks of corporate crypto bets, as activists push for governance changes and potential sales. After a multi-quarter stretch of price softness across the sector, several high-profile treasury strategies ar
CryptoBreakingJust Now
SlovakBitcoin developer releases a proof-of-concept transaction embedding a 66kB image, challenging the BIP-110 data size limit proposal
Slovak Bitcoin developer Martin Habovštiak successfully wrote a 66kB TIFF image on the Bitcoin blockchain through a single transaction, challenging the BIP-110 proposal, which aims to limit on-chain data writing size. The experiment can be publicly verified and decoded into a complete image.
GateNews1m ago
Crypto Market Review: Strong Bullish XRP Case, $67,000 Bitcoin (BTC) Bounce Secures Recovery, Ethereum (ETH) Catches $2,000 by the Tail - U.Today
It is finally building up
Bearish for now
Bitcoin is not overreacting
Cycle is yet to begin
Ethereum is crawling back
The market is bouncing up following geopolitical instability — a traditional trait of the cryptocurrency market, which some people consider a safe haven whenever the traditiona
UToday4m ago
Bitcoin briefly dropped to around $65,000 near the threshold this morning.
BlockBeats News, March 2nd, as the Middle East conflict escalates, triggering a global "risk-off" wave, gold, silver, and oil all rise, U.S. stock futures decline, and Bitcoin briefly dropped to $65,056 this morning. It has now rebounded to $65,824, with the 24-hour decline narrowing to 1.50%.
GateNews30m ago
