Project Progress

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Cipher Mining rebrands as Cipher Digital, transitioning from a Bitcoin mining company to HPC infrastructure

Cipher Mining, after rebranding as Cipher Digital, released its Q4 financial report with revenue of $60 million, below expectations, and the stock price dropped about 5%. The company expects to undergo a business transformation in 2025, shifting from Bitcoin mining to high-performance computing infrastructure, and has secured a signed capacity of 600 MW.
BTC-1.57%
GateNews·02-24 13:22
Cipher Mining rebrands as Cipher Digital, transitioning from a Bitcoin mining company to HPC infrastructure

IoTeX plans to announce the compensation plan within 24 hours, and L1 has been restored online.

Odaily Planet Daily reports that IoTeX announced on the X platform that after a suspected private key leak led to a hacking attack, the L1 has been restored and upgraded to operate normally. The new version v2.3.4 includes a default blacklist that automatically filters malicious EOA addresses to enhance network security. A comprehensive compensation plan for affected bridging users will be announced within 24 hours.
IOTX0.22%
GateNews·02-24 11:55
IoTeX plans to announce the compensation plan within 24 hours, and L1 has been restored online.