CIPHER DIGITAL INC (CIFR)
Information Technology · HPC data center operators and infrastructure providers · NASDAQ
A high-performance compute data center operator pivoting from bitcoin mining to serve AI infrastructure demand.
What CIPHER DIGITAL INC does
Cipher Digital develops and operates high-performance computing (HPC) data centers, transitioning from cryptocurrency mining operations to serve AI and compute-intensive workloads. The company constructs specialized HPC facilities with significant power capacity and leases them to enterprise customers requiring advanced computing infrastructure. The business model involves long-term tenant partnerships, with operations concentrated in Texas.
Themes: ["AI infrastructure / compute hosting"]
Fundamentals
- Price$23.26 as of 2026-07-09 close
- Market cap$9.5B as of 2026-07-10
- 1-year return+271.6% as of 2026-07-09 close
- Net margin-427.8% as of 2026-07-10
- Gross margin+60.0% as of 2026-07-10
- ROE-117.7% as of 2026-07-10
- Debt / equity6.63 as of 2026-07-10
- Revenue growth (YoY)+38.0% as of 2026-07-10
- Revenue CAGR (3y)+319.3% SEC XBRL
- Beta3.22 as of 2026-07-10
Key risks (from latest filing)
["Construction delays or cost overruns for new HPC data centers could materially impair liquidity and debt service capability."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.