Quarterly ResultMay 5, 2026, 07:24 AM
Cipher Digital Secures $200M Credit Facility, Signs Third AI Data Center Lease
AI Summary
Cipher Digital Inc. announced its first quarter 2026 financial results, alongside significant operational and business development updates. The company secured a $200 million revolving credit facility, strengthening its liquidity, and signed its third AI data center campus lease with an investment-grade hyperscale tenant. Development at Barber Lake and Black Pearl data centers is on track, with Barber Lake topped out and Black Pearl Phase I progressing well. For Q1 2026, Cipher reported revenue of $35 million and an Adjusted EBITDA of negative $48 million.
Key Highlights
- Secured $200 million revolving credit facility from global financial institutions.
- Signed third AI data center campus lease with an investment-grade hyperscale tenant.
- Barber Lake data center building topped out in April, project on schedule.
- Black Pearl data center Phase I retrofitting progressing, Phase II site work began.
- Q1 2026 Revenue was $35 million.
- Q1 2026 Adjusted EBITDA was negative $48 million.
- Net loss for Q1 2026 was $114.3 million.
- Total assets increased to $6.39 billion from $4.29 billion in Dec 2025.