Cipher Mining

A 2021 spinoff from the bitcoin hardware pioneer Bitfury, Cipher Mining runs industrial-scale data centers that mine bitcoin in Texas, at sites it calls Odessa and Black Pearl. The company chased cheap power and large parcels of land to build mining capacity at low cost, the core discipline for any miner trying to survive bitcoin's brutal price swings. More recently it has leaned into a second use for that infrastructure, signing long-term deals to host high-performance and AI computing, including a multibillion-dollar agreement to provide capacity to Amazon Web Services. That shift matters because AI hosting promises steadier revenue than mining, whose economics fall with every halving of the bitcoin reward. Headquartered in New York and listed on Nasdaq, Cipher is now valued as much on its ability to become an AI data-center operator as on the coins it mines.

On MyRWA, CIFR trades tokenized across 4 on-chain venues - see the listings below.