Cipher Digital Ditches 470 BTC for AI Data Center Push

Cipher Digital, a Bitcoin mining company, has made a significant move by selling 470 BTC for approximately $30.1 million to fund its expansion into AI data center operations.

This strategic pivot marks a broader trend among miners toward high-performance computing infrastructure. The sale reflects the company's decision to reallocate capital from its Bitcoin treasury to fund the development of facilities that can support AI workloads.

Cipher Digital now holds 646 BTC, and its ranking among publicly listed corporate Bitcoin holders has slipped to 58th. This move aligns with a wider industry trend where miners leverage their existing energy infrastructure and operational expertise to enter the AI hosting market.