Cipher Mining Inc. (NASDAQ: CIFR) has announced a transition in its chief financial officer (CFO) role, with Edward Farrell retiring and Gregory Mumford being appointed as his successor. Farrell, who played a crucial role in taking the company public in 2021, will become a senior advisor to the company upon his retirement on October 14, 2025. Mumford, with over a decade of experience in financial services, credit, and capital markets, will succeed Farrell as Cipher’s second CFO.
Over the past five years, Farrell has been instrumental in Cipher's success, providing strong financial leadership and guiding the company through its early years as a publicly traded company. Under his leadership, Cipher has built a solid foundation and achieved significant growth. His retirement marks a significant change in the company's financial leadership.
Mumford, who brings extensive experience in strategic advisory, structuring, and capital markets execution, will now lead Cipher's finance department and serve on the company’s executive management team. His background as a senior banker in the digital assets & infrastructure investment banking group at Keefe, Bruyette & Woods positions him well to support Cipher’s growth and long-term strategy.
Cipher, a leading developer and operator of industrial-scale data centers for bitcoin mining and HPC hosting, aims to capitalize on the extraordinary momentum and opportunities in the HPC space. With Mumford's appointment, the company looks to leverage his expertise to continue scaling and innovating in bitcoin mining growth, data center construction, and as a hosting partner to the world's largest HPC companies. Following these announcements, the company's shares moved 4.35%, and are now trading at a price of $15.34. If you want to know more, read the company's complete 8-K report here.
