Cipher Mining

New York, United States Founded: 2017 • Age: 9 yrs
Mining infrastructure for cryptocurrencies and Bitcoin
Annual revenue $151.3M Latest available
Total funding - 1 rounds
Employees 43 Tracked headcount
Investors 1 Known backers
Products 1 Services tracked
Competitors 8 Brand Intelligence

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
  • Sectors
    Technology
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Cipher Mining Inc.
Operational Areas
Technology → Blockchain, Web3 & Digital Assets Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $151.27 M (USD)
    19.26
    as on Dec 31, 2024
  • Net Profit
    -$44.63 M (USD)
    -73.16
    as on Dec 31, 2024
  • EBITDA
    -$3.3 M (USD)
    43.56
    as on Dec 31, 2024
  • Latest Funding Round
    $50 M (USD), Post-IPO

    Jan 30, 2025

  • Investors
  • 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.

Exchange: NASDAQ · Ticker: CIFR · Sector: Technology services · USA

Products & Services of Cipher Mining

Cipher Mining offers a comprehensive portfolio of products and services, including Data Centers.

Product name locked
Category locked
Primary

Facilities for bitcoin mining and HPC operations with focus on efficiency.

People of Cipher Mining

Headcount 10-50
Employee Profiles 30
Board Members and Advisors 7
Employee Profiles
People
Samy Biyadi
Head, Power
People
Patrick Kelly
Co-President & COO
People
Ed Farrell
CFO
People
Reuben Govender
Head, Markets

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Board Members and Advisors
people
Cary Grossman
Director
people
Holly Morrow Evans
Director
people
Robert Dykes
Director
people
Wesley Williams
Director

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Funding Insights of Cipher Mining

Investors in Cipher Mining

Cipher Mining has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SoftBank Group.

All
Institutional
Investor Description Founded Year Domain Location
Investments are directed toward multiple sectors via fund of funds.
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Investor details for Cipher Mining

Investor domains, locations, round participation, and complete history require an active premium plan.

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Investments & Acquisitions by Cipher Mining

Investments
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Investment portfolio details for Cipher Mining

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Financial Statements - Cipher Mining

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Detailed financials for Cipher Mining

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Cipher Mining Comparisons

Cipher Mining Primary company
Description
Mining infrastructure for cryptocurrencies and Bitcoin
Location
New York, United States
Founded Year
2017
Annual Revenue
$151.27 M (USD)
Net Profit
-$44.63 M (USD)
EBITDA
-$3.3 M (USD)
Employees
43
As of 2024
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Peer comparison for Cipher Mining

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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.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
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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Decentralized network security is provided through Solana restaking.
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Liquidity is provided for staked assets on multiple Cosmos chains.
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Cryptocurrencies are mined via AI-driven GPU rigs and ASICs.
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Detailed competitors of Cipher Mining

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Latest news on Cipher Mining

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Complete news archive for Cipher Mining

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Frequently Asked Questions about Cipher Mining

Cipher Mining was founded in 2017 and raised its 1st funding round 8 years after it was founded.

Cipher Mining is headquartered in New York, United States. It is registered at New York, New York, United States.

Tyler Page is the current CEO of Cipher Mining.

As of Dec 31, 2024, the latest employee count at Cipher Mining is 43.

Annual revenue of Cipher Mining is $151.27M as on Dec 31, 2024.

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.

Cipher Mining's top competitors include Hut 8 Mining, Solayer and BounceBit.

Cipher Mining offers Data Centers.

Yes, Cipher Mining is publicly traded on NASDAQ under the ticker symbol CIFR.

Cipher Mining has 1 investor. Key investors include SoftBank Group.

The ticker symbol of Cipher Mining is CIFR on NASDAQ.

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