Quarterly ResultAug 4, 2026, 07:42 AM
Cipher Digital Q2 Revenue $25M; Accelerates Black Pearl, Adds 900 MW Site
AI Summary
Cipher Digital Inc. announced its second quarter 2026 financial results, reporting $25 million in revenue and a negative Adjusted EBITDA of $30 million. The company also highlighted significant operational progress, including the early delivery of Black Pearl data center capacity and the acquisition of an option for a new 900 MW Apollo site in Texas. Additionally, Cipher Digital secured $810 million in financing to fully fund its Stingray data center development, demonstrating continued expansion despite current losses.
Key Highlights
- Q2 2026 Revenue was $25 million.
- Q2 2026 Adjusted EBITDA was negative $30 million.
- Q2 2026 Net Loss was $267.5 million, with a loss per share of $0.65.
- Black Pearl data center capacity delivered in August, two months ahead of schedule.
- Acquired an option for a new Apollo data center site with up to 900 MW near San Antonio, Texas.
- Completed an $810 million bond offering to fully fund the Stingray data center development.
- Total assets increased to $7.5 billion as of June 30, 2026.
- Long-term borrowings, net, reached $5.45 billion as of June 30, 2026.
Price Impact
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