Cipher Digital Inc. (NASDAQ:CIFR) on Tuesday reported fourth-quarter and full-year 2025 results and unveiled a rebrand from Cipher Mining, signaling a strategic pivot toward high-performance computing and next-generation data center development.
The stock surged more than 10% following the release, with elevated short interest likely amplifying the move.
Fourth-Quarter And Full-Year Results
In the fourth quarter, adjusted EPS was a loss of 14 cents, compared to the analyst estimate of a 10-cent loss. Revenue was $59.711 million, below the consensus estimate of $86.847 million.
“Building on a transformative 2025, the fourth quarter reflected continued momentum as we advanced our evolution into a leading HPC data center development company,” CEO Tyler Page said.
“During the quarter, we upsized our initial lease with Fluidstack and Google and signed our first HPC lease with Amazon. In addition, we successfully executed multiple high yield bond offerings to finance two of our existing HPC projects at Barber Lake and Black Pearl. In recognition of this successful shift in our business model and strategic priorities going forward, we are proud to now officially operate as Cipher Digital.”
For the year ended December 31, 2025, bitcoin mining revenue was $223.942 million, up from $151.270 million in 2024. GAAP net loss was $822.244 million, or $2.15 …