Cipher Mining (CIFR) stock rises premarket as it rebrands to Cipher Digital and leans into data centers
Cipher Mining shares rose 1.1% to $17.30 in premarket trading after the company rebranded as Cipher Digital and reported a $734.2 million GAAP net loss for the quarter. The firm said it now has 600 MW of contracted high-performance computing capacity and $3.73 billion in project bond financings. Cipher sold its stakes in three mining sites to Canaan Inc. in a $40 million all-stock deal. Fourth-quarter revenue was $60 million, with an adjusted net loss of $55 million.