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CI

Cipher Digital Inc.

CIFRTechnologyNASDAQ

Information Technology Services

PriceMA150MA200
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Financials · Annual
Revenue
$223.9M
+48.0% YoY
Net Income
-$822.2M
-1742.2% YoY
EBITDA
-$588.4M
-1063.2% YoY
Free Cash Flow
-$2.95B

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About Cipher Digital Inc.

Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. The $9.67B market capitalization puts CIFR squarely in mid-cap range for its industry. It develops HPC data center facilities across various sites for hyperscaler tenants; operates power at one bitcoin mining data center; and maintains a pipeline across various sites.

Key stats
Market Cap$9.67B
Fwd P/E35.30
EPS$-2.32
Beta3.15
52W Change+627.7%
ROE-121.7%
Analysis

On the balance sheet, CIFR has $715.2M in cash with $4.75B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$2.95B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -121.7%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $3.0M (2022) to $223.9M (2025), reflecting a 7274% increase over the period.

A beta of 3.15 means CIFR is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. Cipher Digital Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing CIFR.

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