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Cipher Digital company profile covering its platform features, milestones, and team.
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.
| 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 |
Launch Date
Jan-2021
Company Size
Small (11-50)



Rodney Tyler Page, Will Iwaschuk, Patrick Kelly and 9 Others
Warwick New York, 65 W 54th St, New York, New York 10019, United States












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