CIFR — Cipher Digital Inc.

Technology · Information Technology Services

About Cipher Digital Inc.

Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. It develops HPC data center facilities across various sites for hyperscaler tenants; operates power at one bitcoin mining data center; and maintains a pipeline across various sites. The company was formerly known as Cipher Mining Inc. and change its name to Cipher Digital Inc. in February 2026. The company was founded in 2021 and is headquartered in New York, New York.

The AI data-center infrastructure industry

AI data-center infrastructure firms provide the buildings, power and hosting that AI compute actually runs in — leasing high-density capacity, and often power and cooling, to hyperscalers and AI companies. Several began as crypto-mining operators and pivoted to AI and high-performance-computing hosting. The business turns on access to cheap power, land and capital, and on signing long-term contracts with creditworthy tenants; it is capital-hungry and sensitive to financing costs and to how durable AI demand proves to be. Cipher, a bitcoin miner, is repurposing its power-rich sites toward AI and high-performance-computing hosting.

Key data · delayed ~15 min, as of 15 July 2026

Valuation read

What the price implies: the market is pricing in roughly ~15%/yr earnings growth (moderate), on a reverse-DCF of forward earnings ($0.48). Run your own assumptions in the fair-value calculator.

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Market data is delayed ~15 minutes and provided for education, not as financial advice. "Hot" means attention, not direction.