Cipher Mining Inc. (NASDAQ: CIFRW) is a publicly traded Bitcoin mining company focused on the deployment and operation of large-scale, high-efficiency digital asset mining facilities. Incorporated in Delaware and headquartered in Irvine, California, the company designs, builds and manages mining infrastructure that leverages advanced ASIC hardware and optimized electrical and cooling systems to deliver competitive hash rates at scale. Cipher Mining provides turnkey solutions for digital asset mining, including site selection, power procurement, equipment installation and ongoing operational management.
The company emerged in 2023 following the restructuring of its predecessor, aligning its corporate strategy around sustainable and cost-efficient Bitcoin production. Since inception, Cipher has assembled a diversified portfolio of mining sites across the United States and Canada, with key facilities located in Texas, Georgia, Kentucky and New Brunswick. By partnering with regional power providers and tapping into lower-cost electricity markets, the company aims to enhance margins while maintaining a disciplined approach to capital allocation and operational risk management.
Cipher Mining also offers hosting and colocation services to third-party customers seeking to leverage the company’s infrastructure and technical expertise. This service line allows institutional and accredited investors to participate in Bitcoin mining without the need to procure and manage specialized equipment. Through remote monitoring, firmware management and preventive maintenance programs, Cipher ensures its clients’ mining rigs achieve optimal uptime and efficiency.
The company is led by Chief Executive Officer Ryan Richardson, who co-founded Cipher following a decade of experience in digital infrastructure and energy management. Under his leadership, Cipher has prioritized scalable growth and transparent governance, guided by a board of directors with extensive backgrounds in blockchain technology, finance and power systems. As the digital asset industry evolves, Cipher Mining continues to pursue both organic capacity expansions and strategic partnerships to strengthen its position in the global Bitcoin mining ecosystem.
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