Cipher Mining (CIFR) Stock Skyrockets 300%: AI Cloud Deal and Bitcoin Boom Explained
Overview of Cipher Mining Inc. Cipher Mining Inc. is a large-scale Bitcoin mining company that is rapidly pivoting into AI/high-performance computing (HPC) hosting. Its model is to build industrial-scale data centers powered by very low-cost (often renewable) electricity. The flagship site is “Black Pearl” near Odessa, Texas – a 150 MW facility designed for both Bitcoin hashing and AI computets2.tech. To maximize efficiency, Cipher sites are often “behind-the-meter” at wind or solar farms, giving near-zero power ratests2.tech. As of mid-2025, Cipher has deployed roughly 16.8 exahashes/sec (EH/s) of Bitcoin mining capacityts2.tech. (One exahash is 10^18 hash calculations per second –