Cipher reported fourth-quarter (Q4) 2025 revenue of USD 60 million and an adjusted net loss of USD 55 million. For full-year (FY) 2025, revenue from bitcoin mining was USD 223.9 million (up 48.0%), with a net loss available for common stockholders of USD 822.2 million and a loss per share of USD 2.15. Adjusted earnings for FY 2025 were USD 22.2 million, or USD 0.06 per diluted share. During the period, Cipher rebranded to Cipher Digital to reflect its strategic shift from bitcoin mining toward HPC data center development. The company said it has secured 600 MW gross of contracted HPC capacity across two leases: a 15-year 300 MW lease with AWS and a 10-year 300 MW lease with Fluidstack and Google. Cipher also completed three high-yield bond offerings totaling USD 3.73 billion to finance HPC buildouts at Barber Lake and Black Pearl, and divested its 49% interest in the Alborz, Bear and Chief joint venture sites, plus select bitcoin mining machines previously deployed at Black Pearl, to Canaan Inc. for about USD 40 million in an all-stock transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cipher Mining Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602240700PRIMZONEFULLFEED9660059) on February 24, 2026, and is solely responsible for the information contained therein.