5 Bitcoin Miners That Are Now Data Center Companies

In this article, we will list the 5 Bitcoin Miners That Are Now Data Center Companies. Please visit the article 10 Bitcoin Miners That Are Now Data Center Companies if you’d like to see an extended list and the methodology behind it.

5. Cipher Digital Inc. (NASDAQ:CIFR)

Number of Hedge Fund Holders: 49

On June 9, Cipher Digital Inc. (NASDAQ:CIFR) announced that its wholly owned subsidiary, Stingray Compute LLC, had raised $810 million by issuing secured debt. The notes carry a 6% interest rate and mature in 2031. The offering closed on June 15, 2026, after meeting the required closing conditions. The notes were exclusively sold to qualified institutional investors in the US and certain international investors.

The money raised from debt offerings will be used to complete construction of the Stingray data center. Part of the proceeds will also repay the parent company for approximately $61.5 million it previously invested in the project. The company will also set aside funds for future interest and debt payments. Moreover, the notes are guaranteed by Cipher Stingray LLC, and the debt is secured by most of the assets related to the Stingray facility. The parent company, Cipher Digital Inc. (NASDAQ:CIFR) has given a standard guarantee to ensure the project is completed. If the $810 million raised from the notes is insufficient, the company will provide additional funding to ensure the timely completion of the Stingray facility.

Cipher Digital Inc. (NASDAQ:CIFR), together with its subsidiaries, develops and operates industrial-scale data centers for high-performance compute hosting in the United States. The company was formerly known as Cipher Mining Inc. and changed its name to Cipher Digital Inc. in February 2026. It was founded in 2021 and is headquartered in New York.