About Cipher Mining
Cipher Mining is a company based in New York (United States) founded in 2017.. The company has 43 employees as of December 31, 2024. Cipher Mining offers products and services including Data Centers. Cipher Mining operates in a competitive market with competitors including Hut 8 Mining, Botanix Labs, Solayer, Stride Labs and Bluesky Digital Assets, among others.
- Headquarter New York, United States
- Employees 43 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cipher Mining Inc.
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Annual Revenue
$151.27 M19.26as on Dec 31, 2024
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Net Profit
$-44.63 M-73.16as on Dec 31, 2024
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EBITDA
$-3.3 M43.56as on Dec 31, 2024
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Latest Funding Round
$50 M (USD), Post-IPO
Jan 30, 2025
- Investors
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Employee Count
43
as on Dec 31, 2024
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IPO & Listings of Cipher Mining
Cipher Mining is a publicly listed company on the NASDAQ with ticker symbol CIFR in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Cipher Mining
Cipher Mining offers a comprehensive portfolio of products and services, including Data Centers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilities for bitcoin mining and HPC operations with focus on efficiency.
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Funding Insights of Cipher Mining
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $50.0M
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First Round
First Round
(30 Jan 2025)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Post-IPO - Cipher Mining | Valuation | SoftBank Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cipher Mining
Cipher Mining has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SoftBank Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward multiple sectors via fund of funds.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cipher Mining
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cipher Mining
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cipher Mining Comparisons
Competitors of Cipher Mining
Cipher Mining operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hut 8 Mining, Botanix Labs, Solayer, Stride Labs and Bluesky Digital Assets, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital asset mining and performance computing solutions for individuals
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Builds Bitcoin Layer 2 for DeFi, staking, and EVM-compatible applications.
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| domain | founded_year | HQ Location |
Decentralized network security is provided through Solana restaking.
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| domain | founded_year | HQ Location |
Liquidity is provided for staked assets on multiple Cosmos chains.
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| domain | founded_year | HQ Location |
Cryptocurrencies are mined via AI-driven GPU rigs and ASICs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cipher Mining
Frequently Asked Questions about Cipher Mining
When was Cipher Mining founded?
Cipher Mining was founded in 2017 and raised its 1st funding round 8 years after it was founded.
Where is Cipher Mining located?
Cipher Mining is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Cipher Mining?
Tyler Page is the current CEO of Cipher Mining.
How many employees does Cipher Mining have?
As of Dec 31, 2024, the latest employee count at Cipher Mining is 43.
What is the annual revenue of Cipher Mining?
Annual revenue of Cipher Mining is $151.27M as on Dec 31, 2024.
What does Cipher Mining do?
Cipher Mining was established in 2017 in New York, United States, within the cryptocurrency sector. Mining infrastructure for cryptocurrencies, including Bitcoin, is developed and maintained. An open-source network is employed for data transmission and storage. Operations focus on supporting blockchain-related activities, with services directed toward institutional and individual users in the United States. Leadership is provided by CEO Tyler Page.
Who are the top competitors of Cipher Mining?
Cipher Mining's top competitors include Hut 8 Mining, Solayer and BounceBit.
What products or services does Cipher Mining offer?
Cipher Mining offers Data Centers.
Is Cipher Mining publicly traded?
Yes, Cipher Mining is publicly traded on NASDAQ under the ticker symbol CIFR.
Who are Cipher Mining's investors?
Cipher Mining has 1 investor. Key investors include SoftBank Group.
What is Cipher Mining's ticker symbol?
The ticker symbol of Cipher Mining is CIFR on NASDAQ.
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