Form 8-K

8-K — Cipher Digital Inc.

Accession: 0001819989-26-000025

Filed: 2026-05-05

Period: 2026-05-05

CIK: 0001819989

SIC: 6199 (FINANCE SERVICES)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — cifr-20260505.htm (Primary)

EX-99.1 (exh991q1fy26_earningsxprvf.htm)

EX-99.2 (exh992cipherdigital_busi.htm)

GRAPHIC (exh992cipherdigital_busi001.jpg)

GRAPHIC (exh992cipherdigital_busi002.jpg)

GRAPHIC (exh992cipherdigital_busi003.jpg)

GRAPHIC (exh992cipherdigital_busi004.jpg)

GRAPHIC (exh992cipherdigital_busi005.jpg)

GRAPHIC (exh992cipherdigital_busi006.jpg)

GRAPHIC (exh992cipherdigital_busi007.jpg)

GRAPHIC (exh992cipherdigital_busi008.jpg)

GRAPHIC (exh992cipherdigital_busi009.jpg)

GRAPHIC (exh992cipherdigital_busi010.jpg)

GRAPHIC (exh992cipherdigital_busi011.jpg)

GRAPHIC (exh992cipherdigital_busi012.jpg)

GRAPHIC (exh992cipherdigital_busi013.jpg)

GRAPHIC (exh992cipherdigital_busi014.jpg)

GRAPHIC (exh992cipherdigital_busi015.jpg)

GRAPHIC (exh992cipherdigital_busi016.jpg)

GRAPHIC (exh992cipherdigital_busi017.jpg)

GRAPHIC (exh992cipherdigital_busi018.jpg)

GRAPHIC (exh992cipherdigital_busi019.jpg)

GRAPHIC (exh992cipherdigital_busi020.jpg)

GRAPHIC (exh992cipherdigital_busi021.jpg)

GRAPHIC (exh992cipherdigital_busi022.jpg)

GRAPHIC (exh992cipherdigital_busi023.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cifr-20260505.htm · Sequence: 1

cifr-20260505

FALSE000181998900018199892025-05-062025-05-060001819989cifr:CommonStockParValuePointZeroZeroOnePerShareMember2025-05-062025-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________________________________________________________

FORM 8-K

________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 5, 2026

________________________________________________________

CIPHER DIGITAL INC.

(Exact name of Registrant as Specified in Its Charter)

________________________________________________________

Delaware 001-39625 85-1614529

(State or Other Jurisdiction

of Incorporation) (Commission File Number) (IRS Employer

Identification No.)

1 Vanderbilt Avenue

Floor 54

New York, New York

10017

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (332) 262-2300

N/A

(Former Name or Former Address, if Changed Since Last Report)

________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share CIFR The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02 Results of Operations and Financial Condition.

On May 5, 2026, Cipher Digital Inc. (the “Company”) announced its results for the first quarter ended March 31, 2026. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K (the “Report”).

Item 7.01 Regulation FD Disclosure.

On May 5, 2026, the Company posted a presentation to its website at https://investors.cipherdigital.com (the “Presentation”). A copy of the Presentation is furnished as Exhibit 99.2 to this Report. The Company expects to use the Presentation, in whole or in part, and possibly with modifications, in connection with the earnings call with investors, analysts and others.

The information contained in the Presentation is summary information that is intended to be considered in the context of the Company’s Securities and Exchange Commission (“SEC”) filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Presentation speaks only as of the date of this Report. The Company undertakes no duty or obligation to publicly update or revise the information contained in the Presentation, although it may do so from time to time. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure. In addition, the exhibit furnished herewith contains statements intended as “forward-looking statements” that are subject to the cautionary statements about forward-looking statements set forth in such exhibit. By furnishing the information contained in the Presentation, the Company makes no admission as to the materiality of any information in the Presentation that is required to be disclosed solely by reason of Regulation FD.

The information in Items 2.02 and 7.01 of this Report (including Exhibits 99.1 and 99.2 attached hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

The following exhibits related to Item 2.02 and Item 7.01 shall be deemed to be furnished, and not filed:

Exhibit

Number

Description

99.1

Press Release of the Company, dated May 5, 2026

99.2

Presentation of the Company, dated May 5, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Cipher Digital Inc.

Date: May 5, 2026 By: /s/ Tyler Page

Tyler Page

Chief Executive Officer

EX-99.1

Filename: exh991q1fy26_earningsxprvf.htm · Sequence: 2

Document

Exhibit 99.1

Cipher Digital Provides First Quarter 2026 Business Update

Development Timeline on Track at Barber Lake and Black Pearl Data Centers

Signed Third AI Data Center Campus Lease with Investment-Grade Hyperscale Tenant

Secured $200 Million Revolving Credit Facility Supported by a Syndicate of Leading Global Financial Institutions

NEW YORK—May 5, 2026—Cipher Digital Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer, owner, and operator of industrial-scale data centers, today announced its first quarter 2026 financial results, with an update on its operations and business strategy.

“2026 is the year of execution for Cipher,” said Tyler Page, Chief Executive Officer. “We are proud to announce massive development progress at both the Barber Lake and Black Pearl campuses. On the business development front, we built on the strong momentum from last year by signing our third AI data center campus lease with an investment-grade Hyperscale tenant in the first quarter. We also secured our first corporate revolving credit facility, strengthening our liquidity position by providing up to $200 million of committed borrowing capacity from leading global financial institutions. Looking forward, we will continue to build on this momentum and establish ourselves as the leading HPC development platform.”

Finance and Operations Highlights

•Signed third data center campus lease with an investment-grade Hyperscale tenant

•Barber Lake data center building was topped out in April, with mechanical, electrical, and networking work fronts ongoing. The project remains on schedule

•At Black Pearl, the retrofitting of existing data center structure for Phase I is progressing well. Layout and site work for Phase II began in April. The project remains on schedule

•Closed revolving credit facility providing up to $200 million of committed capacity, supported by a syndicate of leading global financial institutions

•The Company expects to have sufficient capital to fund the equity component of the third data center campus and support its near-term capital requirements

•Q1 2026 Revenue of $35 million and Adjusted EBITDA of negative $48 million

Business Update Call and Webcast

The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.cipherdigital.com/.

About Cipher

Cipher develops and operates industrial-scale data centers engineered for next-generation computing at the highest standards of innovation, precision, and excellence. The Company brings together deep expertise across power sourcing, construction, engineering, operations, real estate, and technology to deliver high-quality data centers purpose built for HPC workloads. By partnering with premier tenants, Cipher seeks to meet the growing demand for industrial-scale data center capacity and become a leading HPC development platform that is built for hyperscale. To learn more about Cipher, please visit https://www.cipherdigital.com/.

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and

includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as, statements about the Company’s beliefs and expectations regarding its future results of operations and financial position, its planned business model and strategy, its data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (“SEC”) on February 24, 2026 and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

The Company maintains a dedicated investor website at https://investors.cipherdigital.com/investors (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.

Non-GAAP Financial Measures

This press release includes supplemental financial measures Adjusted EBITDA, that excludes the impact of (i) interest income, (ii) interest expense, (iii) income taxes, (iv) depreciation and amortization, (v) the non-cash change in fair value of derivative asset, (vi) share-based compensation expense, (vii) nonrecurring gains and losses, (viii) the non-cash change in fair value of warrant liability, (ix) non-cash losses related to miners reclassified as held for sale, (x) impairment of long-lived assets, and (xi) non-cash disposal of miners.

Beginning with the three months ended March 31, 2026, the Company has changed its primary non-GAAP performance from "Adjusted Earnings (Loss)," which the Company has previously reported, to Adjusted EBITDA. Adjusted EBITDA differs from Adjusted Earnings (Loss) only in that, in addition to the adjustments previously made to compute Adjusted Earnings (Loss), Adjusted EBITDA also excludes interest expense, interest income, and current income tax expense. Management changed the measure because, following our issuance of the 2030 Convertible Notes in May 2025, the 2030 Senior Secured Notes in November 2025, the 2031 Convertible Notes in

September 2025, and the 2031 Senior Secured Notes in February 2026, our interest expense has become a significant component of net loss that is not directly tied to our underlying operating performance. We believe that excluding interest expense, interest income, and current income tax expense provides a measure that is more representative of the Company's core operating performance, more comparable to measures used by industry peers, and more useful to investors evaluating our underlying business. The reconciliation table below presents Adjusted EBITDA for both periods presented under the Company’s new methodology. The Company does not intend to report Adjusted Earnings (Loss) in future periods.

These supplemental financial measures are not measurements of financial performance under accounting principles generally accepted in the United States (“GAAP”) and, as a result, these supplemental financial measures may not be comparable to similarly titled measures of other companies. Management uses these non-GAAP financial measures internally to help understand, manage, and evaluate our business performance and to help make operating decisions. We believe the use of these non-GAAP financial measures can also facilitate comparison of our operating results to those of our competitors by excluding certain items that vary in our industry based on company policy.

Non-GAAP financial measures are subject to material limitations as they are not in accordance with, or a substitute for, measurements prepared in accordance with GAAP. For example, we expect that share-based compensation expense, which is excluded from the non-GAAP financial measure, will continue to be a significant recurring expense over the coming years and is an important part of the compensation provided to certain employees, officers and directors. Similarly, we expect that depreciation and amortization will continue to be a recurring expense over the term of the useful life of the related assets. Our non-GAAP financial measures are not meant to be considered in isolation and should be read only in conjunction with our condensed consolidated financial statements, which have been prepared in accordance with GAAP. We rely primarily on such condensed consolidated financial statements to understand, manage and evaluate our business performance and use the non-GAAP financial measures only supplementally.

Contacts:

Investor Contact:

Courtney Knight

Head of Investor Relations at Cipher Digital

Courtney.knight@cipherdigital.com

Drew Armstrong

Head of Strategic Initiatives at Cipher Digital

Drew.armstrong@cipherdigital.com

Media Contact:

Ryan Dicovitsky / Kendal Till

Dukas Linden Public Relations

CipherDigital@DLPR.com

CIPHER DIGITAL INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except for share and per share amounts)

(unaudited)

March 31, 2026

December 31, 2025

ASSETS

Current assets

Cash and cash equivalents

$ 715,203

$ 628,263

Restricted cash, current

3,011,874

1,761,292

Accounts receivable

8,487

687

Receivables, related party

271

Prepaid expenses and other current assets

29,873

7,977

Bitcoin

76,150

125,400

Miners held for sale

30,767

94,879

Derivative asset

21,640

34,090

Total current assets

3,893,994

2,652,859

Restricted cash, noncurrent

519,261

275,076

Property and equipment, net

1,307,253

633,417

Intangible assets, net

77,159

77,388

Investment in equity investees

29,400

Derivative asset

6,940

22,720

Operating lease right-of-use asset

7,703

11,321

Security deposits

27,755

27,732

Other noncurrent assets

553,520

561,995

Total assets

$ 6,393,585

$ 4,291,908

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND STOCKHOLDERS’ EQUITY

Current liabilities

Accounts payable

$ 197,919

$ 40,064

Accrued expenses and other current liabilities

204,626

90,086

Finance lease liability, current portion

4,355

4,237

Operating lease liability, current portion

1,901

1,731

Warrant liability

481,550

525,160

Short-term borrowings

355,348

37,793

Total current liabilities

1,245,699

699,071

Long-term borrowings, net

4,376,761

2,711,648

Asset retirement obligations

22,937

33,696

Finance lease liability

1,960

3,094

Operating lease liability

6,362

8,545

Total liabilities

5,653,719

3,456,054

Commitments and contingencies (Note 13)

Redeemable noncontrolling interest

25,679

30,319

Stockholders’ equity

Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of March 31, 2026, and December 31, 2025

Common stock, $0.001 par value, 1,000,000,000 and 1,000,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively, 412,612,619 and 412,074,529 shares issued as of March 31, 2026 and December 31, 2025, respectively, and 405,266,365 and 404,963,061 shares outstanding as of March 31, 2026, and December 31, 2025, respectively

413

412

Additional paid-in capital

1,831,753

1,808,786

Accumulated deficit

(1,117,972)

(1,003,656)

Treasury stock, at par, 7,346,254 and 7,111,468 shares at March 31, 2026 and December 31, 2025, respectively

(7)

Total stockholders’ equity

714,187

805,535

Total liabilities, redeemable noncontrolling interest, and stockholders’ equity

$ 6,393,585

$ 4,291,908

CIPHER DIGITAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except for share and per share amounts)

(unaudited)

Three Months Ended March 31,

2026

2025

Revenue - bitcoin mining

$ 34,838

$ 48,959

Costs and operating (expenses) income

Cost of revenue

(17,705)

(14,894)

Compensation and benefits

(35,003)

(14,303)

General and administrative

(11,741)

(8,951)

Depreciation and amortization

(19,014)

(43,467)

Change in fair value of power purchase agreement

(28,230)

7,330

Power sales

2,138

991

Equity in losses of equity investees

(1,601)

(5,292)

Unrealized gains (losses) on fair value of bitcoin

3,760

(20,178)

Realized (losses) gains on sale of bitcoin

(24,223)

12,196

Other operating losses

(17,788)

(479)

Total costs and operating expenses

(149,407)

(87,047)

Operating loss

(114,569)

(38,088)

Other income (expense)

Interest income

31,590

190

Interest expense

(59,158)

(777)

Change in fair value of warrant liability

43,610

Other expenses

(15,382)

(156)

Total other income (expense)

660

(743)

Loss before taxes

(113,909)

(38,831)

Current income tax expense

(407)

(779)

Deferred income tax benefit (expense)

635

Total income tax expense

(407)

(144)

Net loss

(114,316)

(38,975)

Less: Net loss attributable to redeemable noncontrolling interest

Net loss available for common stockholders

$ (114,316)

$ (38,975)

Loss per share - basic and diluted

$ (0.28)

$ (0.11)

Weighted average shares outstanding - basic and diluted

405,112,315

360,514,620

Non-GAAP Financial Measures

The following is a reconciliation of our Adjusted EBITDA, which excludes the impact of (i) interest income, (ii) interest expense, (iii) income taxes, (iv) depreciation and amortization, (v) the non-cash change in fair value of derivative asset, (vi) share-based compensation expense, (vii) nonrecurring gains and losses, (viii) the non-cash change in fair value of warrant liability, (ix) non-cash losses related to miners reclassified as held for sale, (x) impairment of long-lived assets, and (xi) non-cash disposal of miners, to the most directly comparable GAAP measure for the periods indicated (in thousands).

Three Months Ended March 31,

2026

2025

Reconciliation of Adjusted EBITDA:

Net loss

$ (114,316)

$ (38,975)

Interest income

(31,590)

(190)

Interest expense

59,158

777

Total income tax expense

407

144

Depreciation and amortization

19,014

43,467

EBITDA

$ (67,327)

$ 5,223

Change in fair value of power purchase agreement

28,230

(7,330)

Share-based compensation expense

27,048

9,132

Other losses (gains) - nonrecurring

—

479

Change in fair value of warrant liability

(43,610)

—

Loss on miners held for sale

7,437

—

Adjusted EBITDA

$ (48,222)

$ 7,504

EX-99.2

Filename: exh992cipherdigital_busi.htm · Sequence: 3

exh992cipherdigital_busi

Business Update 1 May 5, 2026

Forward -Looking Statements This communication contains certain forward -looking statements within the meaning of the federal securities laws of the United S tates. The Company intends such forward -looking statements to be covered by the safe harbor provisions for forward -looking state ments contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any st ate ments made in this communication that are not statements of historical fact, such as, statements about the Company’s beliefs and expectations regarding its future results of operations and financial position, its planned business model and strategy, its data center development, timing and likelihoo d o f success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data cen ters, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward -looking statements and should be evaluated as such. These for ward - looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could ,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions). These forward -looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its ma nagement, are inherently uncertain. Such forward -looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, an d it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ material ly from the forward -looking statements in this communication, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, incl uding changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulatio ns affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify a nd realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties describe d in the “Risk Factors” section of Cipher’s Annual Report on Form 10 -K for the fiscal year ended December 31, 2025, to be filed wit h the Securities and Exchange Commission (“SEC”), and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that cou ld cause actual events and results to differ materially from those contained in the forward -looking statements. Forward -looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward -looking statements, and Cipher assumes no obligation and, except as r equired by law, does not intend to update or revise these forward -looking statements, whether as a result of new information, fu ture events, or otherwise. Website Disclosure The Company maintains a dedicated investor website at https://investors.cipherdigital.com/investors (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors’ Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, rep orts and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach publ ic investors and as a means of disclosing material non - public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatical ly receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resour ces section of Cipher’s Investors’ Website and submitting your email address. Non -GAAP Financial Measures This communication includes supplemental financial measures Adjusted EBITDA, that excludes the impact of ( i) interest income, (ii) interest expense, (iii) income taxes, (iv) depreciation and amortization, (v) the non -cash change in fai r value of derivative asset, (vi) share -based compensation expense, (vii) nonrecurring gains and losses, (viii) the non -cash change in fair value of warrant liability, (ix) non -cash losses related to mi ners reclassified as held for sale, (x) impairment of long -lived assets, and (xi) non -cash disposal of miners. This press release includes supplemental financial measures Adjusted EBITDA, that excludes the impact of ( i) interest income, (ii) interest expense, (iii) income taxes, (iv) depreciation and amortization, (v) the non -cash change in fai r value of derivative asset, (vi) share -based compensation expense, (vii) nonrecurring gains and losses, (viii) the non -cash change in fair value of warrant liability, (ix) non -cash losses related to mi ners reclassified as held for sale, (x) impairment of long -lived assets, and (xi) non -cash disposal of miners. Beginning with the three months ended March 31, 2026, the Company has changed its primary non -GAAP performance from "Adjusted Ea rnings (Loss)," which the Company has previously reported, to Adjusted EBITDA. Adjusted EBITDA differs from Adjusted Earnings (Loss) only in that, in addition to the adjustments previously made to compute Adjusted Earnings (Loss), Adjusted EBITDA also excludes interest expense, interest inc ome , and current income tax expense. Management changed the measure because, following our issuance of the 2030 Convertible Note s in May 2025, the 2030 Senior Secured Notes in November 2025, the 2031 Convertible Notes in September 2025, and the 2031 Senior Secured Notes in February 2026, our interest expense has become a significant component of net loss that is not directly tied to our underlying operating performan ce. We believe that excluding interest expense, interest income, and current income tax expense provides a measure that is more representative of the Company's core operatin g p erformance, more comparable to measures used by industry peers, and more useful to investors evaluating our underlying busine ss. The reconciliation table below presents Adjusted EBITDA for both periods presented under the Company’s new methodology. The Company does not intend to report Adjuste d E arnings (Loss) in future periods. These supplemental financial measures are not measurements of financial performance under accounting principles generally acc ept ed in the United States (“GAAP”) and, as a result, these supplemental financial measures may not be comparable to similarly t itled measures of other companies. Management uses these non -GAAP financial measures internally to help understand, manage, and evaluate our business performance and to help make operating decisions. We believe the use of these non -GAAP financial measures can also facilitate comparison of our operatin g results to those of our competitors by excluding certain items that vary in our industry based on company policy. Non -GAAP financial measures are subject to material limitations as they are not in accordance with, or a substitute for, measure ments prepared in accordance with GAAP. For example, we expect that share -based compensation expense, which is excluded from the non -GAAP financial measure, will continue to be a significant recurring expense over the coming years and is an important part of the compensation provided to certain emp loyees, officers and directors. Similarly, we expect that depreciation and amortization will continue to be a recurring expen se over the term of the useful life of the related assets. Our non -GAAP financial measures are not meant to be considered in isolation and should be read only in conjunction with our cons olidated financial statements included elsewhere in this communication, which have been prepared in accordance with GAAP. We rely primarily on such consolidated financial statements to understand, manage and evaluate our business performance and use the non -GAAP financial measures only supplemental ly. The contents and appearance of this presentation is copyrighted and the trademarks and service marks are owned by Cipher Digi tal Inc. All rights reserved. 2

3 Built for Hyperscale.

10-15 Years Base Lease Terms ~$11.4 Bn Contracted Revenue ~$787 MM Avg. Annualized NOI (3) 700 MW Contracted Gross HPC Capacity 4 Cipher Digital Leading HPC Development Platform Built for Hyperscale Note: (1) Based on gross MWs for executed HPC leases and currently operating bitcoin self -mining capacity (2) Gross pipeline capacity subject to ERCOT batch process (3) Reflects total average contracted annualized NOI from October 2026 to September 2036, through the end of the Barber Lake Fluidstack/Google base lease term Current Portfolio 907 MW (1) of operating and contracted capacity today, including three data center campus leases with world’s leading hyperscalers Pipeline Capacity Current ~3.3 GW (2) portfolio of grid pipeline capacity expected to be energized across 2027 -2030+ Vertically Integrated Developer & Operator In-house power origination, engineering, procurement, construction, and operations built to deliver hyperscale capacity at speed and at scale

5 ~4.2 GW Portfolio Capacity by 2030+ Note: MW presented on a gross basis (1) Gross pipeline capacity subject to ERCOT batch study process • Contracted HPC capacity • Pipeline HPC capacity • Bitcoin mining capacity Pro Forma MW Mix Operating, Contracted & Pipeline Capacity ~14% ~2% ~78% ~5% Existing Contracted HPC Capacity Pipeline HPC Capacity (1) Bitcoin Mining ~4,177 MW (1) Newly Contracted HPC Capacity

$86 $646 $725 $747 $770 $793 $816 $841 $866 $892 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Net Operating Income 6 Note: (1) Reflects total average contracted annualized NOI from October 2026 to September 2036, through the end of the Barber Lake Fluidstack/Google base lease term Contracted capacity expected to generate ~$787MM of average annualized NOI over base lease term (1) $ in MM Long -Term Leases & Contracted Cashflows ~$787MM (1) Average Contracted Annual NOI

7 Execution Defines 2026 Corporate Execution Physical Execution Inaugural $200MM Revolving Credit Facility • First -of-its-Kind facility s upported by syndicate of leading global financial institutions $2.0Bn Financing for Black Pearl • Fully financed Black Pearl through completion with a $2.0Bn bond issuance Signed Third Data Center Campus Lease • Initial term of 15-years with an investment -grade Hyperscale tenant Barber Lake Black Pearl • 1,100+ active workers on site daily in April 2026, with 1,400+ expected in May 2026 • 1,000,000+ labor hours recorded with zero loss time incidents • Design kick -off to building topping out accomplished in 7 months • Phase I : Progressed from kick -off to retrofitting existing infrastructure in 1 month • Phase II : Commenced ground & earth work on-site within 3 months of kick -off

8 Current Portfolio

• Building topped out with completion of primary structural steel • Mechanical, electrical and networking work fronts continue to progress on schedule • Project tracking to meet contractual Early Access and Substantial Completion milestone dates Barber Lake Construction Update 9 100% Design Complete All current design milestones have been achieved on schedule ~99% Equipment Secured Equipment delivery dates support construction completion targets

Black Pearl Construction Update 11 • Data center development on track as Phase I retrofit and Phase II pad preparation continue to progress • Actively installing Phase I cooling and electrical infrastructure to accommodate new HPC equipment • Project tracking to meet contractual Early Access and Rack - Ready milestone dates ~80% Phase II Equipment Secured Equipment delivery dates support construction completion targets ~93% Phase I Equipment Secured Equipment delivery dates support construction completion targets

Stingray Construction Update 12 • Data center development on track with earthwork and pad preparation currently in progress • Electrical work for substation has commenced , aligning with Q4 2026 target energization timeline • Electrical construction mobilizing in Q2 2026

~11.6 EH/s Total Hashrate Odessa Site Snapshot 207 MW Total Capacity ~17.2 J/TH Fleet Efficiency ~¢2.8 /kWh Power Cost 13 ~346 BTC Mined at Odessa in Q1 2026 Odessa’s fixed -price PPA positions Cipher as one of the lowest -cost BTC producers ~0.3 EH/s Increased Hashrate in Q1 2026 Replaced ~10,000 outdated mining rigs with ~10,000 Bitmain S21 XP mining rigs from Black Pearl

Development Pipeline 14

Grid Pipeline Spotlight Ulysses • Interconnection approved for 200 gross MW and substation development initiated • In discussions for HPC hosting lease 2027 Q4 Target Energization 200 MW Gross Capacity McLennan • All necessary deposits are funded & land is secured • Requisite studies approved by ERCOT and expected to be included in Batch Zero 2028 Target Energization (1) 500 MW Gross Capacity (1) Colchis 2028 Target Energization (1) 1,000 MW Gross Capacity (1) Reveille • ERCOT interconnection approved for 70 gross MW and substation development initiated • In discussions for HPC hosting lease 2027 Q3 Target Energization 70 MW Gross Capacity Mikeska 2028 Target Energization (1) 500 MW Gross Capacity (1) Ulysses 200 MW Ohio Texas Colchis 1,000 MW McLennan 500 MW Reveille 70 MW Mikeska 500 MW Note: MW presented on a gross basis (1) Gross capacity and target energization subject to ERCOT batch study process 15 • All necessary deposits are funded & land is secured • ERCOT study submission and approval process ongoing and expected to be included in Batch Zero • All necessary deposits are funded & land is secured • ERCOT study submission and approval process ongoing and expected to be included in Batch Zero

207 MW 300 MW 300 MW 100 MW 207 MW 700 MW Bitcoin Mining Capacity Contracted HPC Capacity 16 Grid Pipeline Capacity Timeline (1)Operating & Contracted Capacity Note: MW presented on a gross basis (1) Reflects estimated target energization and capacity subject to ERCOT batch study process (2) 500 MW of potential grid capacity adjacent to the current 300 MW site, expected to be available 2030+ subject to ERCOT batch study process 200 MW 500 MW 500 MW70 MW 500 MW 500 MW 1,000 MW 270 MW 2,500 MW 500 MW 2027 2028 - 2029 2030+ Current Portfolio & Pipeline Capacity ~4.2 GW of Total Portfolio Grid Capacity Barber Lake ► Black Pearl ► Odessa ► Reveille ► Ulysses ► McLennan (1) ► Barber Lake (2) ►Milsing (1) ► Colchis (1) ► Mikeska (1) ► Third HPC Lease ►

Q1 2026 Financial Update 17

18 Capital Structure and Liquidity Overview Note: Organizational structure chart depicts select subsidiaries and is not intended to represent the Company's complete corp orate structure ; (1) Reflects the entity that will develop the data center supporting Cipher’s third data center campus lease; (2) Ratings p rov ided by Moody’s and Fitch; (3) Cipher Compute LLC high -yield bond amortizes in line with the Google backstop, which is determined by rent payments made by Fluidstack; (4) Bitcoin balance based on an assumed price of $68,035 per bitcoin as of March 31, 2026 As of Next Call $ in MM 3/31/2026 Maturity Pricing Amort. Date Price Rating (2) Cash, Restricted Cash, and Cash Equivalents $4,246 $200MM Revolving Credit Facility – 03/31/30 Lev. -based 7.125% Senior Secured Notes (Cipher Compute LLC) 1,733 11/15/30 7.125% Rent-based (3) 11/15/2027 103.563 Ba3 / BB - 6.125% Senior Secured Notes (Black Pearl Compute LLC) 2,000 02/15/31 6.125% 7.000% 2/15/2028 103.063 Ba2 / BB - Total Secured Debt $3,733 1.750% Convertible Note (Cipher Digital Inc.) 173 05/15/30 Conv. Px 0.000% Convertible Note (Cipher Digital Inc.) 1,300 10/01/31 Conv. Px Total Debt $5,206 Net Debt 960 Memo: Unrestricted Cash & Cash Equivalents 715 Memo: Bitcoin Balance (4) 76 Publicly Traded Entity Operating Equity Non-Operating Entity Cipher Barber Lake LLC Cipher Black Pearl LLC Borrowings $200MM Revolving Credit Facility matures 2030 $173MM Convertible Note due 2030 (1.75%) $1.3Bn Convertible Note due 2031 (0.00%) Cipher Digital Inc. (NASDAQ: CIFR) $1.7Bn Notes due 2030 (7.125%) $2.0Bn Notes due 2031 (6.125%) Cipher Compute LLC Black Pearl Compute LLC Third HPC Lease Entity (1)

19 Results of Operations QoQ and YoY Comparison Note: In thousands except for share and per share amounts Three Months Ended Three Months Ended March 31, 202 6 December 31, 2025 March 31, 202 6 March 31, 2025 Revenue - bitcoin mining $ 34,838 $ 59,711 $ 34,838 $ 48,959 Costs and operating (expenses) income Cost of revenue (17,705) (24,259) (17,705) (14,894) Compensation and benefits (35,003) (34,722) (35,003) (14,303) General and administrative (11,741) (10,186) (11,741) (8,951) Depreciation and amortization (19,014) (51,871) (19,014) (43,467) Change in fair value of power purchase agreement (28,230) (11,680) (28,230) 7,330 Power sales 2,138 3,168 2,138 991 Equity in losses of equity investees (1,601) (12,350) (1,601) (5,292) Unrealized gains (losses) on fair value of bitcoin 3,760 (38,676) 3,760 (20,178) Realized gains (losses) on sale of bitcoin (24,223) (8,965 ) (24,223) 12,196 Other operating losses (17,788) (170,785) (17,788) (479) Total costs and operating expenses (149,407) (360,32 4) (149,407) (87,047) Operating loss (114,569) (300,613) (114,569) (38,088) Other income (expense) Interest income 31,590 18,537 31,590 190 Interest expense (59,158) (33,359) (59,158) (777) Change in fair value of warrant liability 43,610 (12,570) 43,610 - Other expense (15,382) (410,268) (15,382) (156) Total other income ( expense ) 660 (437,66 1) 660 (743) Loss before taxes (113,909) (738,273) (113,909) (38,831) Current income tax (expense ) benefit (407) 201 (407) (779) Deferred income tax benefit - 3,870 - 635 Total income tax (expense) benefit (407) 4,071 (407) (144) Net loss (114,316) (734,20 2) (114,316) (38,975 ) Less: Net loss attributable to redeemable noncontrolling interest - — - — Net loss available for common stockholders $ (114,316) $ (734,202) $ (114,316) $ (38,975 ) Loss per share - basic and diluted $ (0.28) $ (1.85) $ (0.28) $ (0.11) Weighted average shares outstanding – basic and diluted 405,112,315 397,123,481 405,112,315 360,514,620

20 Consolidated Balance Sheets Note: In thousands except for share and per share amounts March 31, 202 6 December 31, 202 5 ASSETS Current assets Cash and cash equivalents $ 715,203 $ 628,263 Restricted cash, current 3,011,874 1,761,292 Accounts receivable 8,487 687 Receivables, related party - 271 Prepaid expenses and other current assets 29,873 7,977 Bitcoin 76,150 125,400 Miners held for sale 30,767 94,879 Derivative asset 21,640 34,090 Total current assets 3,893,994 2,652,859 Restricted cash, noncurrent 519,261 275,076 Property and equipment, net 1,307,253 633,417 Intangible assets, net 77,159 77,388 Investment in equity investees - 29,400 Derivative asset 6,940 22,720 Operating lease right -of-use asset 7,703 11,321 Security deposits 27,755 27,732 Other noncurrent assets 553,520 561,995 Total assets $ 6,393,585 $ 4,291,908 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable $ 197,919 $ 40,064 Accrued expenses and other current liabilities 204,626 90,086 Finance lease liability, current portion 4,355 4,237 Operating lease liability, current portion 1,901 1,731 Warrant liability 481,550 525,160 Short -term borrowings 355,348 37,793 Total current liabilities 1,245,699 699,071 Long -term borrowings, net 4,376,761 2,711,648 Asset retirement obligations 22,937 33,696 Finance lease liability 1,960 3,094 Operating lease liability 6,362 8,545 Deferred tax liability - - Total liabilities 5,653,719 3,456,054 Commitments and contingencies ( Note 13) Redeemable noncontrolling interest 25,679 30,319 Stockholders’ equity Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of March 31, 2026, and December 31, 2025 - - Common stock, $0.001 par value, 1,000,000,000 and 1,000,000,000 shares authorized, 412,612,619 and 412,074,529 shares issued as of March 31, 2026 and December 31, 2025, respectively, and 405,266,365 and 404,963,061 shares outstanding as of March 31, 2026, and December 31, 2025, respectively 413 412 Additional paid -in capital 1,831,753 1,808,786 Accumulated deficit (1,117,972) (1,003,656) Treasury stock, at par, 7,346,254 and 7,111,468 shares at March 31, 2026 and December 31, 2025, respectively (7) (7) Total stockholders’ equity 714,187 805,535 Total liabilities, redeemable noncontrolling interest, and stockholders’ equity $ 6,393,585 $ 4,291,908

Appendix 21

22 Non-GAAP Adjusted EBITDA QoQ and YoY Comparison Three Months Ended Three Months Ended March 31, 202 6 December 31, 2025 March 31, 2026 March 31, 2025 Reconciliation of EBITDA: Net loss $ (114,316) $ (734,20 2) $ (114,316) $ (38,975) Interest income (31,590) (18,537) (31,590) (190) Interest expense 59,158 33,359 59,158 777 Total income tax expense (benefit) 407 (4,071) 407 144 Depreciation and amortization 19,014 51,871 19,014 43,467 EBITDA $ (67,327) $ (671,580 ) $ (67,327) $ 5,223 Reconciliation of EBITDA to Adjusted EBITDA EBITDA $ (67,327) $ (671,582) $ (67,327) $ 5,223 Change in fair value of power purchase agreement 28,230 11,680 28,230 (7,330) Share -based compensation expense 27,048 24,050 27,048 9,132 Other losses - nonrecurring — 412,638 — 479 Change in fair value of warrant liability (43,610) 12,570 (43,610) — Loss on miners held for sale 7,437 96,056 7,437 — Impairment of long -lived assets — 45,317 — — Disposal of miners — 29,358 — — Adjusted EBITDA $ (48,222) $ (39,911) $ (48,222) $ 7,504

GRAPHIC

Filename: exh992cipherdigital_busi001.jpg · Sequence: 8

Binary file (53002 bytes)

Download exh992cipherdigital_busi001.jpg

GRAPHIC

Filename: exh992cipherdigital_busi002.jpg · Sequence: 9

Binary file (180466 bytes)

Download exh992cipherdigital_busi002.jpg

GRAPHIC

Filename: exh992cipherdigital_busi003.jpg · Sequence: 10

Binary file (111514 bytes)

Download exh992cipherdigital_busi003.jpg

GRAPHIC

Filename: exh992cipherdigital_busi004.jpg · Sequence: 11

Binary file (130285 bytes)

Download exh992cipherdigital_busi004.jpg

GRAPHIC

Filename: exh992cipherdigital_busi005.jpg · Sequence: 12

Binary file (79942 bytes)

Download exh992cipherdigital_busi005.jpg

GRAPHIC

Filename: exh992cipherdigital_busi006.jpg · Sequence: 13

Binary file (82645 bytes)

Download exh992cipherdigital_busi006.jpg

GRAPHIC

Filename: exh992cipherdigital_busi007.jpg · Sequence: 14

Binary file (108372 bytes)

Download exh992cipherdigital_busi007.jpg

GRAPHIC

Filename: exh992cipherdigital_busi008.jpg · Sequence: 15

Binary file (40179 bytes)

Download exh992cipherdigital_busi008.jpg

GRAPHIC

Filename: exh992cipherdigital_busi009.jpg · Sequence: 16

Binary file (133187 bytes)

Download exh992cipherdigital_busi009.jpg

GRAPHIC

Filename: exh992cipherdigital_busi010.jpg · Sequence: 17

Binary file (157494 bytes)

Download exh992cipherdigital_busi010.jpg

GRAPHIC

Filename: exh992cipherdigital_busi011.jpg · Sequence: 18

Binary file (141408 bytes)

Download exh992cipherdigital_busi011.jpg

GRAPHIC

Filename: exh992cipherdigital_busi012.jpg · Sequence: 19

Binary file (113545 bytes)

Download exh992cipherdigital_busi012.jpg

GRAPHIC

Filename: exh992cipherdigital_busi013.jpg · Sequence: 20

Binary file (119534 bytes)

Download exh992cipherdigital_busi013.jpg

GRAPHIC

Filename: exh992cipherdigital_busi014.jpg · Sequence: 21

Binary file (47950 bytes)

Download exh992cipherdigital_busi014.jpg

GRAPHIC

Filename: exh992cipherdigital_busi015.jpg · Sequence: 22

Binary file (117144 bytes)

Download exh992cipherdigital_busi015.jpg

GRAPHIC

Filename: exh992cipherdigital_busi016.jpg · Sequence: 23

Binary file (79889 bytes)

Download exh992cipherdigital_busi016.jpg

GRAPHIC

Filename: exh992cipherdigital_busi017.jpg · Sequence: 24

Binary file (69814 bytes)

Download exh992cipherdigital_busi017.jpg

GRAPHIC

Filename: exh992cipherdigital_busi018.jpg · Sequence: 25

Binary file (124381 bytes)

Download exh992cipherdigital_busi018.jpg

GRAPHIC

Filename: exh992cipherdigital_busi019.jpg · Sequence: 26

Binary file (123382 bytes)

Download exh992cipherdigital_busi019.jpg

GRAPHIC

Filename: exh992cipherdigital_busi020.jpg · Sequence: 27

Binary file (122175 bytes)

Download exh992cipherdigital_busi020.jpg

GRAPHIC

Filename: exh992cipherdigital_busi021.jpg · Sequence: 28

Binary file (42298 bytes)

Download exh992cipherdigital_busi021.jpg

GRAPHIC

Filename: exh992cipherdigital_busi022.jpg · Sequence: 29

Binary file (91530 bytes)

Download exh992cipherdigital_busi022.jpg

GRAPHIC

Filename: exh992cipherdigital_busi023.jpg · Sequence: 30

Binary file (46142 bytes)

Download exh992cipherdigital_busi023.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 32

v3.26.1

Document And Entity Information

May 06, 2025

Document Information [Line Items]

Document Type

8-K

Amendment Flag

false

Document Period End Date

May 05, 2026

Entity Registrant Name

CIPHER DIGITAL INC.

Entity Central Index Key

0001819989

Entity Emerging Growth Company

false

Entity File Number

001-39625

Entity Incorporation, State or Country Code

Entity Tax Identification Number

85-1614529

Entity Address, Address Line One

1 Vanderbilt Avenue

Entity Address, Address Line Two

1 Vanderbilt Avenue

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

10017

City Area Code

332

Local Phone Number

262-2300

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Common Stock Par Value Point Zero Zero One Per Share Member

Document Information [Line Items]

Title of 12(b) Security

Common Stock, par value $0.001 per share

Trading Symbol

CIFR

Security Exchange Name

NASDAQ

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=cifr_CommonStockParValuePointZeroZeroOnePerShareMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: