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Companies / Information Technology / Cipher Digital Inc.
CIFR

Cipher Digital Inc.

Information TechnologyFinance Services
Ticker CIFRNEW YORK, NYFiscal year ends DecemberBook value per share $1.46Diluted shares 409.9M

Cipher Digital Inc. (Nasdaq: CIFR) develops and operates industrial-scale data centers for high-performance computing (HPC), including artificial intelligence workloads, while retaining bitcoin mining as a complementary use of power. It sources sites and power, develops grid interconnections, designs and constructs… From the company’s description.

Over the twelve months to Sep 30, 2026, Cipher Digital Inc. reported revenue of $146.09M, down 29.2% from a year earlier, and a net loss of $1.08B. Its pre-tax margin was −387.2%. In fiscal 2025, it reported revenue of $223.94M, up 48.0% from fiscal 2024, and a net loss of $822.24M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$223.94MFY2025
+48.0% year over year
Last 12 mo $146.09M
-188.25%FY2025
−159.4 percentage points
Last 12 mo -387.19%
$-822.24MFY2025
−1742.2% year over year
Last 12 mo $-1.08B
-102.07%FY2025
−95.5 percentage points
Last 12 mo -180.66%
Cash & financing
$-207.94MFY2025
−137.6% year over year
Last 12 mo $-337.63M
$-702.17MFY2025
−79.4% year over year
Last 12 mo $-3.08B
3.42FY2025
Was 0.06× a year earlier
Last 12 mo 9.30
381.6MFY2025
+18.1% year over year
Last 12 mo 409.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cipher Digital Inc. does

In the company’s own words

Cipher Digital Inc. (Nasdaq: CIFR) develops and operates industrial-scale data centers for high-performance computing (HPC), including artificial intelligence workloads, while retaining bitcoin mining as a complementary use of power. It sources sites and power, develops grid interconnections, designs and constructs facilities, and manages ongoing operations; its planned tenants include hyperscalers and other HPC customers. Its portfolio totals 4.2 GW across 10 sites at various stages of interconnection, including 600 MW of HPC facilities under development for Fluidstack and Amazon, a 207 MW operating bitcoin mining facility, and a development pipeline of approximately 3.4 GW. The company’s HPC leases include projects near Colorado City and Wink, Texas, with Google backstopping certain Fluidstack obligations and Amazon leasing capacity under a 15-year agreement. Bitcoin mining revenue comes from contributing computing power to mining pools in return for bitcoin rewards and transaction fees. Cipher changed its name from Cipher Mining Inc. in February 2026 as it shifted toward HPC data center development and operations. Its website is https://www.cipherdigital.com.

Company details
Sector
Information Technology
Industry (SIC)
Finance Services
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1819989
SIC
6199

Financial performance, year by year

Fiscal 2022–2025 · USD
$-1.22B$-822.77M$-430.26M$-37.74M$354.78M2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cipher Digital Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

282
funds hold it
1 of 35
superinvestors hold it
$2.59B
held by funds, at market
24.2%
of shares held by funds
3
bond issues held by funds

Superinvestors in Cipher Digital Inc. · what they did last quarter

Chase ColemanNEW
Tiger Global Management
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Cipher Digital Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.12%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.26%of fund net assets
0.22%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Cipher Digital Inc.’s bonds, as funds hold them

Funds report holding 3 issues of Cipher Digital Inc.’s debt, $301.34M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 0.40%, maturing 2030 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Cipher Digital Inc. and its peers compare on margins and cash generation over ten years?”
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