CIFR
Cipher Digital Inc.
OpenVolumeMkt capP/EEPSDiv yield
Day – 52-wk –
Expected move
InputsNext report
Last report
Largest filed tie
13F top-10 QoQ
Top fund weight
Cipher Digital has 14 disclosed suppliers and 6 disclosed customers in SEC filings.
Last report3 of 8 at or beyond impliedshaded = implied▲▼ = realized× = |realized| ÷ implied
−15.65%
vs ±17.8% implied · ×0.88
shaded = implied · ▲▼ = realized
Cipher Digital Inc.
7.37
SentenceDuring the year ended December 31, 2025, the Company earned revenue of $ 157.0 million from pool operator Foundry USA Pool ("Foundry"), representing 70 % of total consolidated revenue.
basisCIFR FY2025 revenue $224M
CIFR 10-Kaccession 0001819989-26-000009
SentenceThe Colchis Site includes a fully executed direct interconnection agreement with American Electric Power ("AEP") for a dual interconnection facility targeting energization in 2028 and options to buy approximately 620 acres of land adjacent to an existing substation.
SentenceWe primarily use Coinbase Prime, but we also use Anchorage Digital Bank N.A. and Fidelity Digital Assets Services.
CIFR 10-Kaccession 0001819989-25-000005
SentenceDeposits on equipment , with Bitmain to obtain Antminer S21 XP miners for delivery between May and June 2025.
CIFR 10-Kaccession 0001819989-25-000005
SentenceWe have purchased miners from Bitmain, SuperAcme, and Canaan.
CIFR 10-Kaccession 0001819989-25-000005
SentenceWe primarily use Coinbase Prime, but we also use Anchorage Digital Bank N.A. and Fidelity Digital Assets Services.
CIFR 10-Kaccession 0001819989-25-000005
SentenceWe depend on third parties, including electric grid operators Oncor Electric Delivery Company LLC ("Oncor") and American Electric Power Company, Inc. ("AEP") , the Texas electric utility ERCOT, and manufacturers of critical components for our mining equipment and our data centers, which may be subject to price fluctuations or shortages.
CIFR 10-Kaccession 0001819989-25-000005
SentenceAlborz is currently a 40 MW facility powered solely by Falvez Energy's Astra Wind Project (the "Astra Wind Farm"), owned by an affiliate of WindHQ, next to which it is co-located.
CIFR 10-Kaccession 0001819989-25-000005
SentenceWe primarily use Coinbase Prime, but we also use Anchorage Digital Bank N.A. and Fidelity Digital Assets Services.
CIFR 10-Kaccession 0001819989-25-000005
SentenceWe also entered into a series of agreements with affiliates of Luminant ET Services Company LLC ( "Luminant"), including the Lease Agreement dated June 29, 2021, with amendment and restatement on July 9, 2021 (as amended and restated, the "Luminant Lease Agreement").
CIFR 10-Kaccession 0001819989-25-000005
SentenceOn December 13, 2024, we entered into an agreement with Luxor Technology Corporation ("Luxor") to borrow 98.57 bitcoin for a 95 day period, which we were able to use as a source of short-term financing.
CIFR 10-Kaccession 0001819989-25-000005
SentenceWe depend on third parties, including electric grid operators Oncor Electric Delivery Company LLC ("Oncor") and American Electric Power Company, Inc. ("AEP") , the Texas electric utility ERCOT, and manufacturers of critical components for our mining equipment and our data centers, which may be subject to price fluctuations or shortages.
CIFR 10-Kaccession 0001819989-25-000005
SentenceWe have purchased miners from Bitmain, SuperAcme, and Canaan.
CIFR 10-Kaccession 0001819989-25-000005
SentenceWindHQ provides the power to the Alborz Facility, and certain construction and operations support.
CIFR 10-Kaccession 0001819989-25-000005
SentenceIn October 2025, through our wholly-owned subsidiary Cipher Black Pearl LLC ("Cipher Black Pearl"), we entered into a 15-year lease agreement with Amazon Web Services, Inc. ("Amazon") to deliver approximately 300 gross MW of turnkey data center capacity at the site ("Black Pearl" or the "Black Pearl Facility"), with phased delivery expected to commence in 2026.
SentenceIn the third quarter of 2025, through our wholly-owned subsidiary Cipher Barber Lake LLC ("Cipher Barber Lake"), we entered into long-term HPC leases with Fluidstack USA II Inc. ("Fluidstack") to construct a data center at our Barber Lake site ("Barber Lake" or the "Barber Lake Facility"), located near Colorado City, Texas, supported by a lease recognition agreement, pursuant to which Google LLC ("Google") has agreed to backstop certain obligations of Fluidstack under our HPC leases with Fluidstack.
SentenceOn February 19, 2026, we sold our 49% interests in our WindHQ JV sites to Canaan U.S. Inc.
CIFR 10-Kaccession 0001819989-26-000009
SentenceIn the third quarter of 2025, through our wholly-owned subsidiary Cipher Barber Lake LLC ("Cipher Barber Lake"), we entered into long-term HPC leases with Fluidstack USA II Inc. ("Fluidstack") to construct a data center at our Barber Lake site ("Barber Lake" or the "Barber Lake Facility"), located near Colorado City, Texas, supported by a lease recognition agreement, pursuant to which Google LLC ("Google") has agreed to backstop certain obligations of Fluidstack under our HPC leases with Fluidstack.
CIFR 10-Kaccession 0001819989-26-000009
SentenceAt the end of the lease term for the Interconnection Electrical Facilities, the substation will be sold back to Luminant's affiliate, Vistra Operations Company, LLC at a price to be determined based upon bids obtained in the secondary market.
CIFR 10-Kaccession 0001819989-25-000005
Expected move
Inputs8Q avg ±13.3%·×0.94·fair
straddle ±17.3%
spot 7.29exp Nov 6ATM strike 7.5ATM straddle 1.48IV 181%