Cipher Mining Inc. operates as a vertically integrated digital asset mining company focused on the design, development and operation of large-scale, high-efficiency Bitcoin mining facilities. Headquartered in Miami, Florida, the company combines in-house engineering, procurement and construction capabilities with dedicated site management to deliver turnkey hosting services for its fleet of proprietary cryptocurrency mining machines.
The company’s core business activities include securing long-term power agreements, deploying custom cooling and electrical infrastructure and optimizing mining operations through real-time performance monitoring. By leveraging strategic partnerships with energy providers, Cipher Mining aims to maintain one of the lowest energy costs per Bitcoin mined within North America, while preserving uptime and reliability across its facilities.
Cipher Mining has established multiple data center sites in the Permian Basin region of West Texas, where abundant natural gas and renewable energy resources support its sustainability objectives. The company continuously evaluates expansion opportunities in other low-cost, high-capacity energy markets across the United States, with the goal of scaling its total network hash rate in line with growing institutional demand for digital asset exposure.
Originally formed as a spin-off from a global blockchain infrastructure group, Cipher Mining completed its business combination and listing on the Nasdaq in late 2022. Since inception, the company has focused on advancing mining efficiency and regulatory compliance, positioning itself to serve both retail and institutional stakeholders seeking transparent access to Bitcoin production.
AI Generated. May Contain Errors.
