Cipher Digital (CIFR) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Information Technology· May 5, 2026

Source: earnings call transcript

Cipher Digital delivered a strong Q1 FY26, marked by significant execution milestones in its hyperscale data center development. The company secured a third major lease, fully funded the Black Pearl project, and established a corporate revolving credit facility, underscoring its maturation into an institutionally backed digital infrastructure platform. While revenue declined due to the planned wind-down of Bitcoin mining, construction at Barber Lake and Black Pearl is progressing ahead of schedule, positioning Cipher for substantial contracted cash flow growth as assets come online.

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CIFR operating KPIs by quarter

CIFR operating KPIs stated on its earnings calls, by fiscal quarter
KPI	This call Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Bitcoin mined Odessa	~346 In the first quarter, we mined approximately 346 Bitcoin at Odessa. Source: earnings call transcript	~346 In the second quarter, we mined approximately 346 bitcoin at Odessa. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.