The evolution of Cipher Mining: from its origins to Bitcoin mining and high-performance data centres

Cipher Mining was created in 2021 through Bitfury’s efforts to establish a US-focused Bitcoin-mining company.

How Cipher Mining developed

The business combined with a special-purpose acquisition company and began trading on Nasdaq in August 2021. It developed large mining sites in the United States and later emphasised that its power and data-centre assets could support high-performance computing as well as cryptocurrency mining.

Cipher Mining in 2026

By 2026, Cipher was operating Bitcoin-mining infrastructure while developing sites intended for broader digital-infrastructure and high-performance-computing demand.

The shift matters because power access, grid interconnection and large data-centre sites can retain value even when cryptocurrency economics change, giving miners an incentive to diversify their infrastructure.

Information was checked against public company material, regulatory filings and reputable independent reporting where available, using sources accessible on 18 September 2026.