✉news BusinessCrypto first seen 2 d ago, last 2 d ago, peak #30
Cipher Digital books first HPC lease revenue as Bitcoin mining fades
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.
Why now: Cipher's pivot from Bitcoin mining to HPC leasing reflects the sector-wide shift toward AI data-center demand, drawing investor attention.
Evidence
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