PANews reported on February 24th that, according to CoinDesk, Cipher Digital, formerly known as Bitcoin mining company Cipher Mining, saw its stock price fall by approximately 5% in pre-market trading after releasing its fourth-quarter earnings report. The company reported fourth-quarter revenue of $60 million, below analysts' expectations of $84.4 million; adjusted loss per share of $0.14, higher than the expected loss of $0.06; and a quarterly adjusted net loss of $55 million.

Management described 2025 as a year of transformation, with the company shifting from Bitcoin mining to high-performance computing infrastructure. This quarter, Cipher secured 600 MW of contracted capacity, including a 15-year 300 MW lease with Amazon Web Services and 10-year 300 MW leases with Fluidstack and Google. The company raised $3.73 billion through three senior secured bond offerings to fund the Barber Lake and Black Pearl data center projects. Cipher also sold approximately $40 million worth of stock, representing a 49% stake in three mining joint ventures, to streamline its structure and advance its data center-centric business model transformation.