Cipher Digital develops and operates industrial-scale data centres in the United States focused on bitcoin self-mining and high-performance compute (HPC) hosting. It secures large power positions and builds campuses that can serve ASIC mining fleets or hyperscale tenants. Formerly Cipher Mining, the company positions itself at the intersection of energy-intensive computing, power procurement and flexible digital infrastructure rather than as a pure software play.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 43.6 | — | -45.8 | — |
| Q3 2025 | 71.7 | — | -3.3 | — |
| Q4 2025 | 59.7 | — | -734.2 | — |
| Q1 2026 | 34.8 | — | -114.3 | — |
| Q2 2026 | 24.8 | -43% | -267.5 | — |
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