Cipher Digital Inc.
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CIFR Q1 2026 request
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/api/financials?ticker=CIFR&year=2026&quarter=1
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 34,838 | 48,959 | -28.8% |
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| Bitcoin Mining | 34,838 | 48,959 | -28.8% |
| Cost of Revenue | -17,705 | -14,894 | -18.9% |
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| Bitcoin Mining | -17,705 | -14,894 | -18.9% |
| Employee Benefits And Share Based Compensation | -35,003 | -14,303 | -144.7% |
| General & Administrative | -11,741 | -8,951 | -31.2% |
| Depreciation And Amortization | -19,014 | -43,467 | +56.3% |
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| Bitcoin Mining | -19,014 | -43,467 | +56.3% |
| Change In Fair Value Of Power Purchase Agreement | -28,230 | 7,330 | -485.1% |
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| Bitcoin Mining | -28,230 | 7,330 | -485.1% |
| Income From Power Sales | 2,138 | 991 | +115.7% |
| Income Loss From Equity Method Investments | -1,601 | -5,292 | +69.7% |
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| Bitcoin Mining | -1,601 | -5,292 | +69.7% |
| Crypto Asset Unrealized Gain Loss Operating | 3,760 | -20,178 | +118.6% |
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| Bitcoin Mining | 3,760 | -20,178 | +118.6% |
| Crypto Asset Realized Gain Loss On Sale Net | -24,223 | 12,196 | -298.6% |
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| Bitcoin Mining | -24,223 | 12,196 | -298.6% |
| Other Operating Gains Losses | -17,788 | -479 | -3613.6% |
| Costs And Operating Income Expenses | -149,407 | -87,047 | -71.6% |
| Operating Income | -114,569 | -38,088 | -200.8% |
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| Bitcoin Mining | -114,569 | -38,088 | -200.8% |
| Interest Income | 31,590 | 190 | +16526.3% |
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| Bitcoin Mining | 31,590 | 190 | +16526.3% |
| Interest Expense | -59,158 | -777 | -7513.6% |
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| Bitcoin Mining | -59,158 | -777 | -7513.6% |
| Fair Value Adjustment Of Warrants | 43,610 | — | — |
| Other Non-Operating Income (Expense) | -15,382 | -156 | -9760.3% |
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| Bitcoin Mining | 28,228 | -156 | +18194.9% |
| Nonoperating Gains Losses | 660 | -743 | +188.8% |
| Income Before Taxes | -113,909 | -38,831 | -193.3% |
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| Bitcoin Mining | -113,909 | -38,831 | -193.3% |
| Current Income Tax Expense Benefit | -407 | -779 | +47.8% |
| Income Tax Expense (Benefit) | -407 | -144 | -182.6% |
| Net Income | -114,316 | -38,975 | -193.3% |
| Net Income | -114,316 | -38,975 | -193.3% |
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| Retained Earnings | -114,316 | -38,975 | -193.3% |
| EPS (Basic) | -0.28 | -0.11 | -154.5% |
| EPS (Diluted) | -0.28 | -0.11 | -154.5% |
| Wtd Avg Shares (Basic) | 405,112,315 | 360,514,620 | +12.4% |
| Wtd Avg Shares (Diluted) | 405,112,315 | 360,514,620 | +12.4% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 715,203 | 23,173 | +2986.4% |
| Restricted Cash Current | 3,011,874 | — | — |
| Accounts Receivable (Q) | — | — | — |
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| Nonrelated Party | 8,487 | 758 | +1019.7% |
| Prepaid Expenses & Other Current Assets | 29,873 | 2,970 | +905.8% |
| Bitcoin Current | 76,150 | 52,024 | +46.4% |
| Assets Held For Sale Not Part Of Disposal Group Current | 30,767 | — | — |
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| Disposal Group Heldforsale Not Discontinued Operations · Miners At Black Peral Facility | 30.8 | — | — |
| Derivative Assets Current | 21,640 | 42,835 | -49.5% |
| Total Current Assets | 3,893,994 | 154,557 | +2419.5% |
| Non-Current Assets | |||
| Restricted Cash Noncurrent | 519,261 | 14,392 | +3508.0% |
| Derivative Assets Noncurrent | 6,940 | 50,165 | -86.2% |
| Operating Lease Right-of-Use Assets | 7,703 | 12,192 | -36.8% |
| Other Non-Current Assets | 553,520 | — | — |
| Total Assets | 6,393,585 | 913,792 | +599.7% |
| Intangible Assets | 77,159 | 9,043 | +753.2% |
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| Computer Software Intangible Asset | 1,841 | — | — |
| Strategic contracts | 75,318 | — | — |
| Other Assets | |||
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | 1,307,253 | — | — |
| Intangible Assets Net Excluding Goodwill | 77,159 | 9,043 | +753.2% |
| Security Deposit | 27,755 | — | — |
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| Oncor Facility Extension security deposits | 27,020 | — | — |
| Other deposits | 735 | — | — |
| Current Liabilities | |||
| Accounts Payable | 197,919 | 29,879 | +562.4% |
| Accrued Liabilities | 204,626 | 66,300 | +208.6% |
| Finance Lease Liability Current | 4,355 | 3,903 | +11.6% |
| Operating Lease Liability Current | 1,901 | 3,200 | -40.6% |
| Warrant Liabilities Current | 481,550 | — | — |
| Short Term Borrowings | 355,348 | — | — |
| Total Current Liabilities | 1,245,699 | 138,741 | +797.9% |
| Current Portion of Long-Term Debt | -355,348 | — | — |
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| 2030 Senior Secured Notes · Senior Notes | -75,348 | — | — |
| 2031 Senior Secured Notes · Senior Notes | -280,000 | — | — |
| Non-Current Liabilities | |||
| Long-Term Debt | 4,376,761 | — | — |
| Asset Retirement Obligations Noncurrent | 22,937 | 20,801 | +10.3% |
| Finance Lease Liability Noncurrent | 1,960 | 6,315 | -69.0% |
| Operating Lease Liabilities | 6,362 | 9,506 | -33.1% |
| Total Liabilities | 5,653,719 | 178,997 | +3058.6% |
| Long-Term Debt | 4,376,761 | — | — |
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| 2030 Convertible Notes · Convertible Debt | 167,903 | — | — |
| 2030 Senior Secured Notes · Senior Notes | 1,636,713 | — | — |
| 2031 Convertible Notes · Convertible Debt | 885,932 | — | — |
| 2031 Senior Secured Notes · Senior Notes | 1,686,213 | — | — |
| Other Liabilities | |||
| Redeemable Noncontrolling Interest Equity Carrying Amount | 25,679 | — | — |
| Stockholders' Equity | |||
| Common Stock | 413 | 371 | +11.3% |
| Additional Paid-In Capital | 1,831,753 | — | — |
| Retained Earnings | -1,117,972 | -220,387 | -407.3% |
| Treasury Stock Common Value | -7 | -1 | -600.0% |
| Total Stockholders' Equity | 714,187 | 734,795 | -2.8% |
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| Additional Paid In Capital | 1,831,753 | 954,812 | +91.8% |
| Common Stock | 413 | 371 | +11.3% |
| Retained Earnings | -1,117,972 | -220,387 | -407.3% |
| Treasury Stock Common | -7 | -1 | -600.0% |
| Total Liabilities & Equity | 6,393,585 | 913,792 | +599.7% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 19,014 | 43,467 | -56.3% |
| Operating Lease Right Of Use Asset Amortization Expense | 592 | 369 | +60.4% |
| Stock-Based Compensation | 27,048 | 9,132 | +196.2% |
| Impairment Of Long Lived Assets To Be Disposed Of | 7,437 | — | — |
Show Disposal Group Classification breakouts |
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| Disposal Group Heldforsale Not Discontinued Operations · Miners At Black Peral Facility | 7.4 | — | — |
| Gain Loss On Disposition Of Assets1 | 10,434 | 633 | +1548.3% |
| Amortization Of Financing Costs And Discounts | 59,158 | — | — |
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| 2030 Convertible Notes · Convertible Debt | 260 | — | — |
| 2031 Convertible Notes · Convertible Debt | 15,090 | — | — |
| Noncash Consideration Received For Services | -34,838 | -48,797 | +28.6% |
| Fair Value Adjustment Of Power Purchase Agreement | 28,230 | -7,330 | +485.1% |
| Unrealized Gain Loss On Investments | 16,529 | — | — |
| Increase Decrease In Other Operating Assets | 10,070 | 1,316 | +665.2% |
| Increase Decrease In Other Operating Liabilities | 83,312 | -22,180 | +475.6% |
| Net Cash from Operations | 91,531 | -47,238 | +293.8% |
| Investing Activities | |||
| Proceeds From Sale Of Bitcoin | 66,771 | 90,005 | -25.8% |
| Proceeds From Sale Of Productive Assets | 22,031 | — | — |
| Capital Expenditures | -553,990 | -99,675 | -455.8% |
| Payments To Noncontrolling Interests Investing Activities | -4,640 | — | — |
| Payments To Acquire Equity Method Investments | -4,374 | -7,276 | +39.9% |
| Net Cash from Investing | -474,202 | -17,298 | -2641.4% |
| Fair Value Of Investments Acquired From Sale Of Equity Method Investments | 29,400 | — | — |
| Reclassification Of Miners From Held For Sale To In Service | 25,816 | — | — |
| Fair Value Of Investments Acquired From Sale Of Miners | 10,355 | — | — |
| Public Utilities Allowance For Funds Used During Construction Capitalized Interest | 6,753 | — | — |
| Bitcoin Received From Equity Investees | 2,772 | 7,394 | -62.5% |
| Sales Tax Accrual On Machines Placed In Service | 2,221 | — | — |
| Land Asset Adjustment | 1,618 | — | — |
| Financing Activities | |||
| Proceeds From Debt Net Of Issuance Costs | 1,969,780 | — | — |
| Share Repurchases | -3,781 | -1,144 | -230.5% |
| Finance Lease Principal Payments | -1,621 | -911 | -77.9% |
| Net Cash from Financing | 1,964,378 | 82,124 | +2292.0% |
| Supplemental | |||
| Unpaid Capital Expenditures | 124,945 | 26,374 | +373.7% |
| Other Cash Flow | |||
| Net Change in Cash | 1,581,707 | 17,588 | +8893.1% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 4,246,338 | 37,565 | +11204.0% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.