US Bitcoin miner Cipher Mining rebrands to Cipher Digital

Nasdaq-listed Bitcoin miner Cipher Mining (CIFR) has changed its name to Cipher Digital, reflecting a strategic shift from mining to high-performance computing (HPC) data centers. According to a CoinDesk report on Feb. 24, the company also announced fourth-quarter earnings that fell short of Wall Street expectations. While analysts had projected revenues of $84.4 million, the company reported actual revenue of $60 million and a quarterly net loss of $55 million. Despite the rebranding, shares of the company fell over 5% in pre-market trading following the earnings miss.