{"id":939298,"date":"2026-02-24T08:04:25","date_gmt":"2026-02-24T13:04:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cipher-digital-provides-fourth-quarter-and-full-year-2025-business-update\/"},"modified":"2026-02-24T08:04:25","modified_gmt":"2026-02-24T13:04:25","slug":"cipher-digital-provides-fourth-quarter-and-full-year-2025-business-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cipher-digital-provides-fourth-quarter-and-full-year-2025-business-update\/","title":{"rendered":"Cipher Digital Provides Fourth Quarter and Full Year 2025 Business Update"},"content":{"rendered":"
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\n Rebrands to Cipher Digital to Reflect Strategic Shift Toward HPC<\/em>\n <\/p>\n

\n Divested 49% Stake in Alborz, Bear, and Chief Mining Sites<\/em>\n <\/p>\n

\n Secured Full Funding for Existing Data Center Developments Through High-Yield Bond Offerings<\/em>\n <\/p>\n

\n Data Center Development on Track at Barber Lake and Black Pearl<\/em>\n <\/p>\n

NEW YORK, Feb. 24, 2026 (GLOBE NEWSWIRE) — Cipher Digital Inc.<\/a> (NASDAQ: CIFR) (\u201cCipher\u201d or the \u201cCompany\u201d) today announced its fourth quarter and full year 2025 financial results, with an update on its operations and business strategy.<\/p>\n

\u201cBuilding on a transformative 2025, the fourth quarter reflected continued momentum as we advanced our evolution into a leading HPC data center development company,\u201d said Tyler Page, Chief Executive Officer. \u201cDuring the quarter, we upsized our initial lease with Fluidstack and Google and signed our first HPC lease with Amazon. In addition, we successfully executed multiple high yield bond offerings to finance two of our existing HPC projects at Barber Lake and Black Pearl. In recognition of this successful shift in our business model and strategic priorities going forward, we are proud to now officially operate as Cipher Digital.\u201d<\/p>\n

The rebrand to Cipher Digital reflects the Company\u2019s full strategic transition toward a business model centered on stable, long-duration cash flows and long-term leases with best-in-class hyperscale customers. Cipher is focused on sourcing and securing power, developing advanced data centers purpose-built for HPC workloads, and leasing capacity to the world\u2019s leading technology companies. While bitcoin mining played a foundational role in building Cipher\u2019s power origination expertise and large-scale development capabilities, the Company\u2019s identity has evolved to focus on enabling next-generation compute at industrial scale.<\/p>\n

In line with this new direction, Cipher sold its 49% interest in the three 40 MW joint venture sites, Alborz, Bear, and Chief, as well as select bitcoin mining machines previously deployed at Black Pearl. These non-core assets were acquired by Canaan Inc., a vertically integrated innovator in crypto mining, for approximately $40 million in an all-stock transaction. This transaction allows Cipher to simplify the business structure, maintain optimized exposure to the bitcoin mining industry in a capital-light manner, and accelerate the strategic transition.<\/p>\n

In addition, the Company successfully executed three high-yield offerings to finance the construction at Barber Lake and Black Pearl. In the first transaction, Cipher raised $1.4 billion in aggregate principal of senior secured notes at 7.125%. Subsequently, the Company offered $333 million in additional aggregate principal at the same rate, bringing the total size of the financing for Barber Lake to $1.73 billion. The third high-yield offering raised $2.0 billion in aggregate principal of senior secured notes at 6.125%, with the substantially lower rate reflecting the Company\u2019s continued maturation and strong investor confidence.<\/p>\n

With financing secured, the Company has cleared another major hurdle in the execution of these large-scale projects. Cipher is now fully focused on the construction and delivery of Barber Lake and Black Pearl, both of which remain on schedule, supported by our best-in-class construction team.<\/p>\n

\u201c2026 is a year of execution for Cipher as we fully transition the business into a leading infrastructure platform. With construction on track at our existing projects, a deep and expanding development pipeline, and heightened demand from both capital providers and tenants, we are firmly focused on establishing Cipher Digital as the premier developer and operator of data centers powering the next generation of compute,\u201d added Mr. Page.<\/p>\n

\n Finance and Operations Highlights<\/strong>\n <\/p>\n