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Cipher Mining Technologies

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U.S.-centric Bitcoin mining champion spun out of the Bitfury Group

New York City, United StatesFounded 2020Fintech
Valuation $7.62B Market cap · 2026
Revenue $217M Latest reported FY

About Cipher Mining Technologies

Cipher Mining is a cryptocurrency mining company that provides a comprehensive suite of services to its customers. The company is focused on providing a secure and reliable platform for its customers to mine cryptocurrencies. Cipher Mining's services include mining hardware, software, and cloud-based solutions. The company also provides consulting services to help customers optimize their mining operations. Cipher Mining is committed to providing its customers with the most efficient and cost-effective mining solutions.

Cipher Mining is a cryptocurrency mining company that provides a comprehensive suite of services to its customers. The company is focused on providing a secure and reliable platform for its customers to mine cryptocurrencies. Cipher Mining's services include mining hardware, software, and cloud-based solutions. The company also provides consulting services to help customers optimize their mining operations. Cipher Mining is committed to providing its customers with the most efficient and cost-effective mining solutions. This makes them stand out from other cryptocurrency mining companies, as they provide a comprehensive suite of services that are tailored to each customer’s needs.

Cipher Mining makes a profit by charging customers for their services. Customers can purchase mining hardware, software, and cloud-based solutions, as well as consulting services to optimize their mining operations. Cipher Mining also offers customized solutions to meet the specific needs of its customers. By providing these services, Cipher Mining is able to generate a steady stream of revenue.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2020
Headquarters
New York City, United States
Listing
Public via SPAC 2021
Employees
103
Open positions
None listed
Dealroom signal
60.0/100
Industry
Fintech
Sub-industry
Crypto and DeFi
Sector
Fintech, Became $1B as Subsidiary, SPAC Target, SPAC IPO Closed, Crypto Mining, Crypto and Web3, Became Thoroughbred as Subsidiary
Technology
Blockchain, Hardware
Client focus
b2b

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
PROJECT, REAL ESTATE, INFRASTRUCTURE FINANCE✓Other financing Jun 2026 $810M — Undisclosed ↗
POST IPO DEBT✓Debt Mar 2026 $200M — Goldman Sachs · JPMorgan Chase & Co · Morgan Stanley · Santander Group ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $217M -3.3% −$31M -14.2% −$551M -254.7%
2025 $224M +48% −$544M -243.1% −$822M -367.2%
2024 $151M +19.3% $5.9M 3.9% −$45M -29.5%
2023 $127M +4076.6% $2.1M 1.6%
2022 $3M 0% −$104M -3426.9%
2021 $3M — −$72M -2374.7%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Cipher Mining Technologies website traffic

Latest recorded traffic for Cipher Mining Technologies is 46K monthly website visits, down 34.3% over the last three months. Cipher Mining Technologies's team grew 102% over the past year.

Latest monthly visits46K 3-month web change-34.3% 1-year team growth+102%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later11 investors entered at this stage

  • BitFury
  • Fidelity Investments
  • Morgan Stanley
  • Good Works Acquisition
  • SoftBank
  • Bosman Wealth Management
  • Goldman Sachs
  • JPMorgan Chase & Co
  • Santander Group
  • Sumitomo Mitsui Banking
  • Wells Fargo and Company

Other known investors1 additional known investor

  • Jane Street Capital
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · New York City HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Cipher Mining Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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