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
Here is why Bitcoin Cash traders should watch for this buy signal
Bitcoin Cash (BCH) remains above the crucial support level of 440 USD. Current market indicators show mixed signals, yet BCH's price action reflects positive momentum influenced by Bitcoin (BTC). Short-term trading opportunities arise, but long-term trends also need consideration for a robust strategy.
TapChiBitcoin8m ago
Bitcoin fell nearly 5% this week, with traditional markets like the S&P 500 experiencing synchronized pressure
Affected by the U.S.-Israel-Iran conflict, Bitcoin fell nearly 5% this week. The S&P 500, Dow Jones, Nasdaq, and gold all declined in sync, while crude oil rose 7.3%. Over the past three months, the S&P 500 and Nasdaq ETFs saw $64 billion in outflows, reaching historic highs. Bitcoin's net realized profits once accelerated but subsequently fell below $70,000.
GateNews15m ago
Bitcoin Whale Address Sells Over 42,000 BTC Twice in March, MSTR Subsequently Buys 22,000 BTC
Crypto analyst Murphy reviewed Bitcoin's recent capital flows, noting that whale addresses sold over 45,000 BTC each during BTC price rebounds, with some positions experiencing significant losses. Meanwhile, MicroStrategy purchased 22,337 BTC on March 17.
GateNews15m ago
Bitdeer maintains zero positions, with mining output and sales volume both at 126.3 BTC this week
Gate News reported that on March 21, Nasdaq-listed Bitcoin mining company Bitdeer published its latest Bitcoin holdings data on the X platform, maintaining zero Bitcoin holdings. As of the week ending March 20, its Bitcoin mining output was 126.3 BTC, with sales of 126.3 BTC during the same period.
GateNews45m ago
Bitcoin Price Forecast Next Week: Is the Fed Holding Back Market Gains?
Bitcoin (BTC) is fluctuating around the $70,000 mark as of Saturday, down nearly 3% from the start of the week, ending a two-week consecutive recovery streak. The momentum
TapChiBitcoin1h ago
Bitcoin mining difficulty drops to 133.79 T, down 7.76%
Gate News reported that on March 21, according to CloverPool data, Bitcoin mining difficulty completed adjustment at block height 941,472 at 05:54 today. Mining difficulty decreased to 133.79 T, with a downward adjustment of 7.76%, marking the second largest decline within 2026. The current network hashrate stands at 933.51 EH/s. Analysis shows that the next Bitcoin mining difficulty adjustment is expected to occur in 14 days, with a potential decline of 0.4%.
GateNews1h ago
