Cipher Digital Inc.CIFR
What Cipher Digital Inc. does.
Unless the context otherwise requires, references in this Annual Report to the “Company,” “Cipher,” “Cipher Digital,” “we,” “us” or “our” refers to Cipher Digital Inc. and its consolidated subsidiaries, unless otherwise indicated.
We are dedicated to developing and operating industrial-scale data centers engineered for next-generation computing at the highest standards of innovation, precision, and excellence. Over the past several years, we have intentionally evolved from a pure-play bitcoin miner into a vertically integrated data center development and operations platform focused on energy-intensive compute infrastructure. Our vertical integration spans critical stages of the data center value chain, including land and power origination and interconnection, site development, data center design and construction, oversight and ongoing facility operations.
Fundamentally, we bring together construction, engineering, operations, power, real estate and technology expertise to deliver high quality, purpose-built data centers that meet tenants’ needs. Our in-house teams source and control industrial-scale sites with access to substantial electric power capacity, advance grid interconnection and substation development, and manage the design and construction of data center campuses. We also operate and maintain energy-intensive data center facilities, leveraging operational expertise developed through our employees’ extensive experience managing Tier III HPC data centers and large, flexible electrical loads. Against a backdrop of increasing demand for artificial intelligence (“AI”) technology and access to energized HPC data centers to meet consumers’ demands for such technology, we believe we play an important part of the AI economy and we expect to benefit from powerful, long-term growth drivers.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $3.0M | $126.8M | $151.3M | $223.9M |
| Net income | -$107,031 | — | -$39.1M | -$25.8M | -$44.6M | -$822.2M |
| Free cash flow | — | — | -$60.1M | -$114.7M | -$227.0M | -$695.9M |
More on CIFR.
- Cipher Digital Inc. summary
- Cipher Digital Inc. financial statements
- Cipher Digital Inc. key metrics
- Cipher Digital Inc. health scores and style box
- Cipher Digital Inc. earnings
- Cipher Digital Inc. dividends
- Cipher Digital Inc. valuation
- Cipher Digital Inc. ownership and insiders
- Cipher Digital Inc. peers
Figures from Cipher Digital Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.