This morning, Cipher released its Q4 and FY’25 business update and announced an official rebrand to Cipher Digital, reflecting $CIFR's strategic transition into a leading HPC data center development platform. The Company also announced the following updates: - Barber Lake and Black Pearl developments remain on schedule and on budget - Divested 49% interests in the Alborz, Bear, and Chief JV sites and select mining equipment for ~$40 million in an all-stock transaction - Reported Q4 2025 revenue of $60 million “Building on a transformative 2025, the fourth quarter reflected continued momentum as we advanced our evolution into a leading HPC data center development company,” said Tyler Page, CEO. “With financing fully secured and construction on track for both of our currently contracted developments, 2026 is a year of execution as we establish Cipher Digital as a premier platform powering next-generation compute.” More here: bit.ly/3Ox0Y96

Cipher is pleased to welcome industry veterans @lee_bratcher and @_drewarmstrong_ to the team. *Lee Bratcher joins as Head of Policy & Government Affairs *Drew Armstrong joins as Head of Strategic Initiatives “As Cipher continues to grow into one of the world’s largest data center developers, adding experienced leaders of the caliber of Lee and Drew is critical,” said Tyler Page, Chief Executive Officer. “Their combined regulatory, strategic, and industry experience will help accelerate our growth as we continue on our path to becoming the leading innovator in the AI and HPC data center industry.” Press Release: globenewswire.com/news-relea…

As a response to socialism, Miami will replace NYC as the finance capital and Austin will replace SF as the tech capital.

Closing out 2025 at the @TXblockchain_, proud of the work accomplished and proud to do it in the greatest state in the country! None of this would be possible without our members and their continued commitment to building in Texas. From advancing digital asset policy at the Texas Capitol to helping establish the nation’s first state-level Strategic Bitcoin Reserve with a historic $10 million allocation. Along the way, we kept the momentum going with high-impact meetups, policy conversations, TexCap, the North American Blockchain Summit, and much more. This is what building the jurisdiction of choice for bitcoin and digital asset innovation looks like in Texas! @lee_bratcher @TBCAmy @conraddy @TBC_Jessi @BitsOfBilli & Tyler Dozier

Friends- This is a tough note to write, but since a bunch of you have started to suspect something, I’ll cut to the chase: Last week I was diagnosed with metastasized, stage-four pancreatic cancer, and am gonna die. Advanced pancreatic is nasty stuff; it’s a death sentence. But I already had a death sentence before last week too — we all do. I’m blessed with amazing siblings and half-a-dozen buddies that are genuinely brothers. As one of them put it, “Sure, you’re on the clock, but we’re all on the clock.” Death is a wicked thief, and the bastard pursues us all. Still, I’ve got less time than I’d prefer. This is hard for someone wired to work and build, but harder still as a husband and a dad. I can’t begin to describe how great my people are. During the past year, as we’d temporarily stepped back from public life and built new family rhythms, Melissa and I have grown even closer — and that on top of three decades of the best friend a man could ever have. Seven months ago, Corrie was commissioned into the Air Force and she’s off at instrument and multi-engine rounds of flight school. Last week, Alex kicked butt graduating from college a semester early even while teaching gen chem, organic, and physics (she’s a freak). This summer, 14-year-old Breck started learning to drive. (Okay, we’ve been driving off-book for six years — but now we’ve got paper to make it street-legal.) I couldn’t be more grateful to constantly get to bear-hug this motley crew of sinners and saints. There’s not a good time to tell your peeps you’re now marching to the beat of a faster drummer — but the season of advent isn’t the worst. As a Christian, the weeks running up to Christmas are a time to orient our hearts toward the hope of what’s to come. Not an abstract hope in fanciful human goodness; not hope in vague hallmark-sappy spirituality; not a bootstrapped hope in our own strength (what foolishness is the evaporating-muscle I once prided myself in). Nope — often we lazily say “hope” when what we mean is “optimism.” To be clear, optimism is great, and it’s absolutely necessary, but it’s insufficient. It’s not the kinda thing that holds up when you tell your daughters you’re not going to walk them down the aisle. Nor telling your mom and pops they’re gonna bury their son. A well-lived life demands more reality — stiffer stuff. That’s why, during advent, even while still walking in darkness, we shout our hope — often properly with a gravelly voice soldiering through tears. Such is the calling of the pilgrim. Those who know ourselves to need a Physician should dang well look forward to enduring beauty and eventual fulfillment. That is, we hope in a real Deliverer — a rescuing God, born at a real time, in a real place. But the eternal city — with foundations and without cancer — is not yet. Remembering Isaiah’s prophecies of what’s to come doesn’t dull the pain of current sufferings. But it does put it in eternity’s perspective: “When we've been there 10,000 years…We've no less days to sing God's praise.” I’ll have more to say. I’m not going down without a fight. One sub-part of God’s grace is found in the jawdropping advances science has made the past few years in immunotherapy and more. Death and dying aren’t the same — the process of dying is still something to be lived. We’re zealously embracing a lot of gallows humor in our house, and I’ve pledged to do my part to run through the irreverent tape. But for now, as our family faces the reality of treatments, but more importantly as we celebrate Christmas, we wish you peace: “The people walking in darkness have seen a great light; on those living in the land of deep darkness a light has dawned….For to us a son is given” (Isaiah 9). With great gratitude, and with gravelly-but-hopeful voices, Ben — and the Sasses

.@tokenwell is expanding 🇺🇸 we’re establishing a subsidiary and activating a virtual office in dallas, texas now one of the fastest-growing centers for digital assets and home to the new texas stock exchange (txse) as part of our strategy, we also plan to join the @txblockchain_ alongside top industry firms full announcement👇

JUST IN: 🇺🇸 US regulator OCC approves Bitcoin infrastructure company BitGo and Fidelity Digital Assets to become national trust banks 👀 Huge!