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Cipher Mining has appointed Greg Mumford as CFO, signaling a strategic pivot from a Bitcoin-centric operation to a broader digital infrastructure provider. Mumford, with extensive experience in mergers and acquisitions, is steering the company's capital allocation, including the $4.1 million purchase of the Stingray data center in West Texas, which adds 100 MW of capacity.Under Mumford's leadership, Cipher Mining has secured a $50 million PIPE investment from SoftBank and a $1.1 billion convertible financing from Google. The company also launched the 300 MW Black Pearl power plant in Q2 2025, designed to support both Bitcoin mining and high-performance computing (HPC) workloads. Additionally, a 10-year agreement with Fluidstack is set to provide 168 MW of IT load by 2026, aiming to stabilize revenue streams beyond Bitcoin's price fluctuations.

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