Skip to content

Cipher Digital, Inc. CIFR Business Segments — Cost of Revenue

Similar metrics at other companies

Riot Platforms, Inc. logo
RIOTBitcoin Mining — Cost Of Revenue
$90M+184%
Iris Energy logo
IRENBitcoin mining — Cost of Revenue
$35.34M-15.1%
Riot Platforms, Inc. logo
RIOTCost Of Revenues Mining — Total Segment And Consolidated Cost Of Revenue Exclusive Of Depreciation And Amortization
$23.93M+218%
Riot Platforms, Inc. logo
RIOTMining — Cost Of Revenue
$86.76M+16.0%
TeraWulf logo
WULFDigital Asset Mining Segment — Cost of revenue (exclusive of depreciation shown below)
-$90K-100%
Hut 8 Mining Corp. logo
HUTMining Properties And Mineral Rights — Cost Of Revenue
$3.11M

Other financials

Income statement

See full
Revenue$34.8M-28.8%
Gross profit$17.1M-49.7%
Operating income-$114.6M-201%
Net income-$114.3M-193%
EPS (diluted)-$0.28-155%

Balance sheet

See full
Cash & equivalents$713.0M+1,798%
Total debt$4.7B+8,030%
Total equity$714.2M-2.8%
Total assets$6.4B+600%

Cash flow

See full
Operating cash flow$91.5M+294%
CapEx$554.0M+456%
Free cash flow-$462.5M-215%

Valuation

See full
Market cap$11.94B+527%
Enterprise value$15.97B+985%
P/S56.9×+44.4×

Profitability

See full
Gross margin60%+1.0pp
Operating margin-237.4%
Net margin-427.8%
FCF margin-482%-3,491pp

Returns & leverage

See full
Return on equity-123.9%
Debt / equity6.6×+6.6×
Current ratio3.1×+2.0×

Where this comes from

Reported directly by Cipher Digital, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Cipher Digital, Inc. ’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about Cipher Digital, Inc. 's business segments — cost of revenue.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Cipher Digital, Inc. 's business segments — cost of revenue?
Cipher Digital, Inc. (CIFR) reported business segments — cost of revenue of $17.71M in Q1 2026.
How has Cipher Digital, Inc. 's business segments — cost of revenue changed year-over-year?
Cipher Digital, Inc. 's business segments — cost of revenue increased by 18.9% year-over-year, from $14.89M to $17.71M.
What is the long-term trend for Cipher Digital, Inc. 's business segments — cost of revenue?
Over 2 years (2023 to 2025), Cipher Digital, Inc. 's business segments — cost of revenue has grown at a 27.1% compound annual growth rate (CAGR), from $50.31M to $81.22M.
What does business segments — cost of revenue mean?
Direct cash costs incurred to power and maintain mining operations.
How do you interpret business segments — cost of revenue?
A lower cost relative to revenue indicates improved operational efficiency and better margins in the mining segment.
How does business segments — cost of revenue compare across companies?
Commonly benchmarked against peers as 'cost per Bitcoin mined' or 'power cost per terahash'.