Cipher Digital has completed its transformation from a Bitcoin miner to a high-performance computing data center developer and has signed long-term HPC capacity leasing agreements with AWS, Google, and Fluidstack. The company, listed on NASDAQ under the ticker CIFR, reports that its contract revenue base has reached billions of dollars and has shifted to a contract-based infrastructure model. Its stock price is $15.60, with a weekly increase of 6.5%, but a monthly decrease of 17.8%. Due to the divestment of non-core mining assets, this transformation resulted in the company posting an annual net loss of $822.24 million.
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Cipher Digital has completed its transformation from a Bitcoin miner to a high-performance computing data center developer and has signed long-term HPC capacity leasing agreements with AWS, Google, and Fluidstack. The company, listed on NASDAQ under the ticker CIFR, reports that its contract revenue base has reached billions of dollars and has shifted to a contract-based infrastructure model. Its stock price is $15.60, with a weekly increase of 6.5%, but a monthly decrease of 17.8%. Due to the divestment of non-core mining assets, this transformation resulted in the company posting an annual net loss of $822.24 million.