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Cipher Digital, Inc. CIFR Business Segments — Revenue - bitcoin mining

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Other financials

Income statement

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Revenue$24.8M-43.0%
Gross profit$39.9M+41.3%
Operating income-$78.5M-73.6%
Net income-$267.5M-484%
EPS (diluted)-$0.65-442%

Balance sheet

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Cash & equivalents$831.8M+979%
Total debt$5.6B+2,858%
Total equity$562.1M-24.9%
Total assets$7.5B+636%

Cash flow

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

Valuation

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Market cap$7.77B+302%
Enterprise value$12.52B+512%
P/S40.6×+28.5×

Profitability

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Gross margin71.9%+11.9pp
Operating margin-278.1%
Net margin-585.8%
FCF margin-482%-3,491pp

Returns & leverage

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Return on equity-170.8%
Debt / equity9.9×+9.7×
Current ratio-1.2×

Where this comes from

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

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Cipher Digital, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 9:07 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001819989-26-000028
Line itemThree Months Ended March 31, 20262025
Revenue - bitcoin mining$34,838$48,959
Costs and operating (expenses) income
Cost of revenue(17,705)(14,894)
Compensation and benefits(35,003)(14,303)
General and administrative(11,741)(8,951)
Depreciation and amortization(19,014)(43,467)
Change in fair value of power purchase agreement(28,230)7,330
Power sales2,138991

Item 1. Financial Statements (Unaudited)

FAQ

What is Cipher Digital, Inc.'s business segments — revenue - bitcoin mining?
Cipher Digital, Inc. (CIFR) reported business segments — revenue - bitcoin mining of $34.84M in Q1 2026.
How has Cipher Digital, Inc.'s business segments — revenue - bitcoin mining changed year-over-year?
Cipher Digital, Inc.'s business segments — revenue - bitcoin mining decreased by 28.8% year-over-year, from $48.96M to $34.84M.
What is the long-term trend for Cipher Digital, Inc.'s business segments — revenue - bitcoin mining?
Over 2 years (2023 to 2025), Cipher Digital, Inc.'s business segments — revenue - bitcoin mining has grown at a 32.9% compound annual growth rate (CAGR), from $126.84M to $223.94M.
What does business segments — revenue - bitcoin mining mean?
This metric represents the total gross revenue generated from the company's cryptocurrency mining operations. It primarily reflects the value of Bitcoin earned through block rewards and transaction fees as a result of computational work performed on the network.

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