Cipher Digital accelerates pivot from mining to AI infrastructure

Nasdaq-listed Bitcoin miner Cipher Digital (CIFR) is accelerating its transition from a mining-focused company to a high-performance computing (HPC) and AI infrastructure provider, with its stock price also rising, Decrypt reported. The outlet added that other established mining firms, such as Core Scientific and Kiln Infrastructure (formerly Bitfarms), are also shifting their business models to meet the growing demand for AI.