Cipher Digital Inc. (CIFR) SEC Filings

Cipher Digital Inc. reports much larger losses as it pivots from pure bitcoin mining toward large-scale HPC data centers. Bitcoin mining revenue was 24,837 for the quarter and 59,675 for the first half of 2026 (in thousands), down from 43,565 and 92,524 a year earlier.

Operating loss widened to 78,536 for Q2 and 193,105 year-to-date, with net loss of 267,529 and 381,845 (in thousands), driven by higher compensation, general and administrative costs, derivative losses on its fixed-price power contract, realized losses on bitcoin sales and a 106,900 loss from remeasuring Google-related warrants. Interest expense surged to 125,894 (in thousands) as long-term borrowings principal reached 6,015,500.

Total assets rose to 7,501,454 (in thousands), reflecting 4,559,787 of cash, cash equivalents and restricted cash and 2,132,585 of property and equipment, including 1,676,099 of construction-in-progress for new HPC-focused facilities. Working capital was about 2,753.0 million, but stockholders’ equity fell to 562,057 (in thousands) as accumulated deficit deepened to 1,385.5 million and warrant liability increased. Bitcoin holdings declined to 646 coins with fair value of 37.8 million.

Cipher Digital Inc. reported Q2 2026 bitcoin-mining revenue of $ 24,837 (in thousands) and a net loss of $ 267,529 (in thousands), or $ 0.65 per share. Adjusted EBITDA was $ (29,986) (in thousands), compared with $ 32,335 (in thousands) a year earlier; results included higher operating expenses and large non-cash items such as a $ 150,510 (in thousands) loss from the change in fair value of its warrant liability.

The company continued building its hyperscale data center platform. It amended its Black Pearl lease at a tenant’s request, delivering first HPC capacity in early August, two months ahead of schedule, with rent now commenced. Barber Lake and Stingray developments advanced, supported by an $810MM, 6.000% Stingray bond that fully funds that project through substantial completion and reimbursed $56.7 million of prior expenditures.

Cipher highlighted long-term contracted economics of approximately $ 11.4 Bn of contracted revenue and about $793MM of average annualized net operating income expected from October 2026 to September 2036, along with an expanded pipeline including the Apollo site option for up to 900 MW near San Antonio and a total grid portfolio of about 5.3 GW targeted by 2030+.

Cipher Digital Inc. director and Chief Executive Officer Page Tyler reported two open-market sales of Common Stock. On July 8, 2026, Tyler sold 112,500 shares at a weighted average price of $21.19, and on July 9, 2026, sold another 112,500 shares at a weighted average price of $22.68, totaling 225,000 shares. These sales were made under a Rule 10b5-1 trading plan adopted on December 19, 2025. After the transactions, Tyler holds 8,971,725 shares directly and 400,000 shares indirectly through Impa Holdings LLC, an entity owned by a family trust over which Tyler has investment authority.

CIFR filed a Form 144 reporting the proposed sale of 112,500 shares of Common Stock. The filing lists these shares as having arisen from restricted stock vesting on 11/17/2021 under a compensation allotment. The filing records a sale by Rodney T. Page of 112,500 shares on 07/08/2026 for $2,383,333.74, and identifies Fidelity Brokerage Services LLC as the broker.

Cipher Digital Inc. Chief Financial Officer Gregory J.D. Mumford reported compensation-related stock activity. On June 30, he exercised restricted stock units to acquire 17,108 shares of common stock, while 6,895 shares were withheld at $24.50 per share to cover tax obligations. After these transactions, he directly held 20,207 common shares and 546,090 restricted stock units, which vest in equal quarterly installments over three years, subject to continued service.

Cipher Digital Inc. Co-President and CLO William Iwaschuk reported compensation-related equity activity in Common Stock on June 30, 2026. He exercised equity awards covering a total of 140,005 shares through conversions of performance stock units and restricted stock units, with no open-market purchases or sales.

To cover tax obligations, the company withheld 77,424 shares at an indicated value of $24.50 per share. After these exercises and tax-withholding dispositions, Iwaschuk directly owns 1,554,293 shares of Common Stock. Footnotes explain that each RSU or PSU represents a contingent right to receive one share, vesting in quarterly installments subject to his continued service.

Cipher Digital Inc. Co-President and COO Kelly Patrick Arthur reported compensation-related equity activity on June 30, 2026. He exercised a total of 140,005 performance and restricted stock units into Common Stock and had 71,474 shares withheld at $24.50 per share to cover tax obligations.

Following these non‑market transactions, Arthur held 1,550,065 shares of Common Stock directly. The derivative awards are described as RSUs and PSUs that vest in quarterly installments over three years, contingent on his continued service with the company.

Cipher Digital Inc. CEO Page Tyler reported routine equity compensation activity involving the company’s common stock. On June 30, 2026, Tyler exercised derivative awards to acquire 473,266 shares of common stock, while 241,603 shares were withheld to cover tax obligations at a price of $24.50 per share. Following these transactions, Tyler directly owned 9,196,725 shares of common stock and indirectly held 400,000 additional shares through Impa Holdings LLC, whose membership interests are held by a family trust over which Tyler has investment authority. The filing also shows ongoing holdings of performance stock units and restricted stock units that vest in quarterly installments, subject to continued service.