21Vianet vs Cipher Mining

Both are primarily Data Center Operators (Colo) companies. Cipher Mining is larger by market cap ($6.9B vs $1.7B). 21Vianet reports higher tracked revenue ($544M vs $224M).

Shared segment: AI & Data Center.

Side-by-side

21VianetCipher Mining
Market cap$1.7B$6.9B
Revenue$544M (FY2019)$224M (FY2025)
Primary segmentData Center Operators (Colo)Data Center Operators (Colo)
Market positionnicheniche
CountryChinaUnited States
Tracked suppliers44
Tracked customers55
Chokepoint / criticality6/1006/100

Market caps/revenue from the wafergraph dataset · data as of 2026-09-16. 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).

Company hubs

21Vianet · Cipher Mining · AI & Data Center segment

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Cite as: wafergraph, “21Vianet vs Cipher Mining”, https://wafergraph.com/compare/21vianet-vs-cipher_mining (data as of 2026-09-16).