Cipher Digital Inc.
CIFRpublicneocloudData-center hosting
Formerly Cipher Mining: bitcoin miner converting power-rich Texas sites into AI/HPC hosting, financed with convertible notes and at-the-market programs.
how it is counted
cash purchases of property and equipment in the calendar quarter, as the company's own cash-flow statement reports it. The year: the newest calendar year whose fourth quarter at least 90 % of filers have reported; a filer counts only if it reported all four quarters.
- Four quarters, 2025 Q3 – 2026 Q2 →+259.8% on the four before, $0.3B — its line in the Overview's league
how it is counted
per filer: the same four quarters, the four before them and the change; null where the filer did not report all four
- $1.2B
- Newest quarter · 2026 Q21640.0% of revenue · +244.5% on a year before
how it is counted
Of revenue: the quarter's CAPEX as a share of the same quarter's revenue, where the company reports both. On a year before: the change on the same calendar quarter a year before, where the filer reported both.
- $410M
- Off the balance sheet →what it owes that its balance sheet does not carry, each fact counted once · verified 2026-09-28
- $30M
- Notes priced since 2024 →each tranche in the ledger as the company itself states it
- $4.9B
- Loans and credit facilities →new facilities as signed, from the company's own announcements
- $300M
- Debt due in 12 months →the company's own five-year schedule
- $217M
- Documents in the corpusthe company's own reports, announcements and earnings calls that the rules read
- 96
CAPEX by quarter
Quarters since 2022 Q4, as reported
| 2026 Q2 | $410M | $25M | 1640.0% | +244.5% |
| 2026 Q1 | $554M | $35M | 1582.9% | +454.0% |
| 2025 Q4 | $226M | $60M | 376.7% | +380.9% |
| 2025 Q3 | $44M | $72M | 61.1% | -42.9% |
| 2025 Q2 | $119M | $44M | 270.5% | +1387.5% |
| 2025 Q1 | $100M | $49M | 204.1% | +1150.0% |
| 2024 Q4 | $47M | $42M | 111.9% | — |
| 2024 Q3 | $77M | $24M | 320.8% | +1825.0% |
| 2024 Q2 | $8M | $37M | 21.6% | -27.3% |
| 2024 Q1 | $8M | $48M | 16.7% | -55.6% |
| 2023 Q3 | $4M | $30M | 13.3% | -75.0% |
| 2023 Q2 | $11M | $31M | 35.5% | +83.3% |
| 2023 Q1 | $18M | $22M | 81.8% | +157.1% |
| 2022 Q4 | $10M | — | — | — |