Cipher Digital, the company formerly known as Cipher Mining, sold approximately 471 BTC as part of its ongoing pivot from cryptocurrency mining to artificial intelligence infrastructure. From hash rates to hyperscalersCipher rebranded from Cipher Mining to Cipher Digital on February 20, 2026, formally signaling its shift toward high-performance computing and AI data center operations. Why miners keep making this same betBitcoin mining and AI data centers share a critical resource requirement: cheap, abundant electricity. Cipher has raised significant project-level debt to finance its data center developments and secure these lease agreements. Construction delays, permitting challenges, supply chain constraints on transformers and electrical equipment, and the sheer capital intensity of data center development all present hurdles.