United States · Funded startup

Who invested in Cipher Mining

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Web3 & Crypto

Raised 5 months ago

Funding summaryUpdated 26 Oct 2026

$1.1Braised across 2 rounds since 2025, from 2 sources

$333MDebt$810MDebt
Latest round
Debt, $810MJun 2026
Step-upi
2.4×
Investors
2
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026
$333MDebt$810MDebt
First round
Debt, $333M
Nov 2025
Biggest round
$810M
Debt · Jun 2026
Between rounds
7 months
from the last two

The rounds

  1. Jun 2026
    Debt$810M2 returning

    Source recorded

  2. Nov 2025
    Debt$333M2 new

    Source recorded

Founders and team

From Cipher Mining's own website: 9 on the team.

  • Patrick KellyCo-President & Chief Operating Officer
  • Tyler PageChief Executive Officer
  • William IwaschukCo-President & Chief Legal Officer
  • Caitlin LongDirector
  • Cary GrossmanDirector
  • James NewsomeBoard Chair
  • Robert FlatleyDirector
  • Thomas DudaDirector
  • Wesley WilliamsDirector

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Debt2025Debt2026FidelitySoftBank

Everyone who backed them

FidelityVC firm2rounds
SoftBankInvestment firm2rounds

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list Cipher Mining as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Bitfury GroupVC firmPer its own site
Cryptic8 VCVC firmPer its own site

Quick answers about Cipher Mining

Who invested in Cipher Mining?

Cipher Mining's investors include Fidelity and SoftBank.

How much has Cipher Mining raised?

Cipher Mining has raised $1.1B across 2 rounds since 2025.

When did Cipher Mining last raise?

Cipher Mining's most recent round was a Debt of $810M in Jun 2026.

What was Cipher Mining's biggest round?

Its most recent round, $810M in Jun 2026, is also its largest on record.

Who backed Cipher Mining first?

Cipher Mining's first round on record, in Nov 2025, was backed by Fidelity and SoftBank.

What stage is Cipher Mining at?

Cipher Mining's latest named round is a Debt, in Jun 2026.

Where is Cipher Mining based?

Cipher Mining is based in the United States.

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