21Vianet vs Cipher Mining
Both are primarily Data Center Operators (Colo) companies. Cipher Mining is larger by market cap ($5.6B vs $1.5B). 21Vianet reports higher tracked revenue ($544M vs $224M).
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Side-by-side
| 21Vianet | Cipher Mining | |
|---|---|---|
| Market cap | $1.5B | $5.6B |
| Revenue | $544M (FY2019) | $224M (FY2025) |
| Primary segment | Data Center Operators (Colo) | Data Center Operators (Colo) |
| Market position | niche | niche |
| Country | China | United States |
| Tracked suppliers | 4 | 4 |
| Tracked customers | 5 | 5 |
| Chokepoint / criticality | 6/100 | 6/100 |
Market caps/revenue from the wafergraph dataset · data as of 2026-10-09. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How 21Vianet and Cipher Mining compare
- Size: Cipher Mining is the larger company by market cap.
- Revenue: 21Vianet reports higher tracked revenue.
- Supply-chain criticality: Both companies have the same chokepoint score (6/100).
- Footprint: 21Vianet (China) vs Cipher Mining (United States).
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Cite as: wafergraph, “21Vianet vs Cipher Mining”, https://wafergraph.com/compare/21vianet-vs-cipher_mining (data as of 2026-10-09).
Frequently asked questions3
- Is 21Vianet bigger than Cipher Mining?
- Cipher Mining is larger by market cap ($5.6B vs $1.5B).
- What's the difference between 21Vianet and Cipher Mining?
- 21Vianet is a niche in Data Center Operators (Colo) based in China; Cipher Mining is a niche in Data Center Operators (Colo) based in United States. Both operate in the AI & Data Center segment.
- Who are 21Vianet's and Cipher Mining's suppliers?
- wafergraph tracks 4 suppliers for 21Vianet and 4 for Cipher Mining.