Cipher Digital Inc. (CIFR) Form 8-K — Nov 2, 2026
Cipher Digital (CIFR) reported Q3 2026 revenue of $27 million, down roughly 63% year-over-year as bitcoin mining revenue fell to $20.8 million, but recognized its first HPC lease revenue of $5.9 million following rent commencement at Black Pearl. Net income was $31.6 million, driven largely by a $127.2 million non-cash gain on warrant fair value, while Adjusted EBITDA was negative $10 million versus positive $40.8 million a year ago.
Key figures
- Eps
- 0.08
- Revenue
- 26701000
- Net Income
- 31596000
- Total Debt
- 6700000000
- Revenue Yoy
- -62.8%
- Total Assets
- 7666054000
- Cash Position
- 656009000
- Walt years
- 17.3
- Horizon site mw
- 70
- Equitized 2030 notes
- $165.9 million
- Barber lake lease term
- 20 years
- Convertible notes 2032
- $850 million at 0.000%
- Adjusted ebitda q3 2025
- 40790000
- Development pipeline gw
- 5.9
- Capped call conversion price
- $28.35 per share
- Incremental barber lake rent
- $5.2 billion
- Ercot pclr classifications gw
- 1.6
- Contracted revenue barber lake
- $9.1 billion
- Onsite generation potential gw
- 2.5
- Colchis conditional base load gw
- 1
- Total portfolio contracted revenue
- $16.6 billion
AI analysis
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