Cipher Mining posts Q1 adjusted EBITDA loss

Cipher Digital

05/05/2026 12:37

Overview

US data center operator's Q1 revenue was $35 mln, with adjusted EBITDA loss of $48 mln

Cipher signed third AI data center campus lease with investment-grade hyperscale tenant

Company secured $200 mln revolving credit facility to support liquidity and development

Outlook

Cipher expects sufficient capital to fund third data center campus and near-term requirements

Result Drivers

NEW LEASE SIGNED - Signed third AI data center campus lease with investment-grade hyperscale tenant

LIQUIDITY BOOST - Secured $200 mln revolving credit facility to support capital needs and near-term requirements

Company press release: ID:nGNX5HLLZ6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$114.32 mln
Q1 Basic EPS
-$0.28
Q1 Operating Income
-$114.57 mln
Q1 Pretax Profit
-$113.91 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Cipher Digital Inc is $27.00, about 50.9% above its May 4 closing price of $17.89

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)