| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 34.84 | 28.8% |
| Total Income | 34.84 | 28.8% |
| Expenditure | 149.41 | 71.6% |
| PBT | -113.91 | 193.4% |
| Net Profit | -114.32 | 193.3% |
| OPM | — | |
| NPM | — | |
| EPS | -0.28 | 154.6% |
Cipher Digital Reports Q1 2026 Revenue of $35 Million
05 May 2026 · 5 May, 5:01 pm
Summary
Cipher Digital Inc. announced its first quarter 2026 financial results, highlighting progress in its data center development and business strategy. The company reported revenue of $35 million and an adjusted EBITDA of negative $48 million for the quarter. Cipher Digital secured a $200 million revolving credit facility and signed a third AI data center campus lease with an investment-grade Hyperscale tenant. Development timelines at Barber Lake and Black Pearl data centers remain on track.
Key Highlights
- 1
Cipher Digital Inc. announced its first quarter 2026 financial results, providing an update on its operations and business strategy.
- 2
The company signed its third AI data center campus lease with an investment-grade Hyperscale tenant in the first quarter.
- 3
A revolving credit facility providing up to $200 million of committed capacity was closed, supported by a syndicate of leading global financial institutions.
- 4
First quarter 2026 revenue was reported at $35 million.
- 5
Adjusted EBITDA for Q1 2026 was negative $48 million.
- 6
The Barber Lake data center building was topped out in April, and the project remains on schedule.
- 7
Retrofitting of the existing data center structure for Phase I at Black Pearl is progressing well, and the project remains on schedule.
Management Comments
Tyler Page
“2026 is the year of execution for Cipher. We are proud to announce massive development progress at both the Barber Lake and Black Pearl campuses. On the business development front, we built on the strong momentum from last year by signing our third AI data center campus lease with an investment-grade Hyperscale tenant in the first quarter. We also secured our first corporate revolving credit facility, strengthening our liquidity position by providing up to $200 million of committed borrowing capacity from leading global financial institutions. Looking forward, we will continue to build on this momentum and establish ourselves as the leading HPC development platform.”
Informational and educational content only. Not investment advice.