For Q1 FY2026 ended March 31, 2026, Cipher Digital Inc. reported revenue of $34.8 million, a decrease of 28.8% year-over-year. Net loss was $114.3 million, compared to a net loss of $39.0 million in the prior year quarter. Diluted EPS was -$0.28, down from -$0.11. Operating loss widened to $114.6 million from $38.1 million.
•Revenue fell 28.8% YoY to $34.8 million.
•Net loss increased 193.3% to $114.3 million.
•Operating loss widened 200.8% to $114.6 million.
•Diluted EPS was -$0.28, down from -$0.11.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Cipher Digital develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. It develops HPC data center facilities across various sites for hyperscaler tenants.
Its portfolio also includes operates power at one bitcoin mining data center, and maintains a pipeline across various sites. The company was formerly known as Cipher Mining Inc. and change its name to Cipher Digital Inc. in February 2026. Founded in 2021, the company is headquartered in New York, New York.
Cipher Digital Inc. develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. The company builds HPC data center facilities across various sites for hyperscaler tenants, which are large-scale cloud service providers. Its portfolio also includes one operational bitcoin mining data center, and it maintains a development pipeline across multiple sites. The company was formerly known as Cipher Mining Inc. and changed its name to Cipher Digital Inc. in February 2026. Founded in 2021, Cipher Digital is headquartered in New York, New York.
Where is Cipher Digital Inc. (CIFR) listed and what currency does it trade in?
Cipher Digital Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol CIFR. Its shares trade in U.S. dollars (USD). As a company headquartered in the United States and operating primarily in the U.S., its financial reporting and stock trading are conducted in USD, making it accessible to investors on major U.S. exchanges.
What sector and industry does Cipher Digital Inc. (CIFR) belong to?
Cipher Digital Inc. operates in the Technology sector and is classified under the Information Technology Services industry. This classification reflects its focus on providing data center infrastructure and hosting services, which are technology-intensive. The company's activities include developing and operating data centers for bitcoin mining and high-performance computing, both of which require advanced IT systems and services.
Where is Cipher Digital Inc. (CIFR) headquartered and what markets does it serve?
Cipher Digital Inc. is headquartered in New York, New York, United States. The company serves the U.S. market, developing and operating industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting across various sites in the country. Its portfolio includes one operational bitcoin mining data center and a pipeline of HPC facilities for hyperscaler tenants. The company focuses on the United States as its primary market.
What is the business model of Cipher Digital Inc. (CIFR)?
Cipher Digital Inc. generates revenue by developing and operating industrial-scale data centers. Its business model has two main segments: bitcoin mining and high-performance compute (HPC) hosting. For bitcoin mining, the company operates one data center that mines bitcoin. For HPC hosting, it develops facilities for hyperscaler tenants—large cloud providers that need significant computing power. The company also maintains a pipeline of future data center sites. By providing infrastructure for both cryptocurrency mining and traditional high-performance computing, Cipher Digital diversifies its revenue streams within the data center industry.