According to The Block, Cipher Digital reported a net loss of $114 million in the first quarter of 2026, more than double the $39 million loss in Q1 2025, as the bitcoin miner accelerates its shift toward AI infrastructure. Bitcoin mining revenue fell to $35 million from $49 million year-over-year, while the company’s bitcoin holdings declined to $76 million from $125 million.
In its first quarter update, Cipher Digital signed its third AI data center lease with a hyperscale tenant and secured a $200 million revolving credit facility in April. The company’s stock rose 7 percent to $19.19 following the announcement.
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