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Cipher Mining
Trends
- 1Bitcoin miner Cipher posts $31 million profit amid AI pivot▼BTC news: Bitcoin miner Cipher posts $31 million profit as AI pivot begins
Bitcoin mining company Cipher Mining has reported a profit of $31 million as it begins shifting capacity toward artificial intelligence and high-performance computing workloads. The result comes as several miners move to diversify beyond Bitcoin into AI data center services, a trend investors are watching closely for signs the sector can find new revenue streams.
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Cipher Digital has recorded its first revenue from high-performance computing lease agreements, marking a shift away from its Bitcoin mining roots. The company is part of a broader trend among former crypto miners repurposing data-center capacity toward AI and HPC customers as mining margins shrink. Investors are watching whether this pivot can offset declining mining income.
- 3Core Scientific bets on AI colocation over bitcoin mining▼Core Scientific (CORZ) vs. CIFR and WULF: Can Its Shift From Bitcoin Mining to AI Colocation Unlock Long-Term Value?
Investors are weighing Core Scientific's pivot from bitcoin mining toward AI data-center colocation services, comparing it with rivals Cipher Mining (CIFR) and TeraWulf (WULF), which are pursuing similar strategies. The question under debate is whether repurposing mining infrastructure to host AI workloads can unlock lasting shareholder value, as miners seek steadier revenue amid bitcoin mining's volatility.