CIFR at a glance
Cipher Digital Inc. (CIFR, SEC CIK 1819989) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 25, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Cipher Digital Inc. (CIFR) reported revenue of $223.9 million (up 48.0% from FY2024) and a net loss of $822.2 million. Diluted EPS was -$2.15.
- As of June 30, 2026, 36 institutional investment managers tracked by SignalX reported holding Cipher Digital Inc. (CIFR) shares worth $3.4 billion in 13F-HR filings.
- In the last 90 days, CIFR insiders reported 0 open-market purchases ($0) and 1 open-market sale ($2.6M) on Form 4, a net sale of $2.6M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $223.9M
- +48.0% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$2.6M
- 13F holders
- 36 funds
- $3.4B · +0 vs prior quarter
- Latest 8-K
- Sep 25, 2026
- Item 7.01 · Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Industrial-scale bitcoin mining and high-performance compute hosting at data centers in Texas
- New emphasis on HPC hosting with retrofit of 300 MW Black Pearl Facility planned for mid-2026 tenant commencement
- Strategic financial shift via issuance of $1.3B zero-coupon 2031 Convertible Notes with embedded derivatives and capped call transactions
- Significant growth in capital expenditures: $487.9M spent on property, equipment, primarily Black Pearl and Barber Lake build-out in 2025
- Noteworthy increase in total assets from $855M to $4.3B driven by restricted cash, property and equipment, and derivative assets
Risk Factors
- Regulatory risk: Texas Senate Bill 6 (2025) imposes new interconnection and security payment requirements for loads ≥75 MW on ERCOT, potentially increasing costs and delaying projects
- Macroeconomic exposure: Bitcoin price volatility caused $41.6 million unrealized loss on bitcoin fair value in 2025, impacting operating results amid bitcoin mining-to-HPC transition
- Supply chain constraint: Delays of miners and critical data center equipment like transformers due to geopolitical unrest and high demand affected construction schedules
- Competitive risk: Increased competition in bitcoin mining and HPC data center markets, with competitors vying over power capacity and locations, pressuring margins
- Financial risk: $1.3 billion of 0.00% convertible senior notes due 2031 carry embedded derivative losses of $450.4 million, contributing to a $822.2 million net loss in 2025
Management Discussion & Analysis
- No profitability or margin % figures mentioned for 2025 vs 2024
- Best segment: HPC data center development 600 MW under development for hyperscalers; Worst segment: bitcoin mining with 207 MW operated, shifting to complementary role
- Capital allocation includes sale of 49% interests in WindHQ JV sites to Canaan U.S. Inc. no $ amount disclosed; no buybacks, dividends, or capex figures revealed
- Forward outlook: focus on scaling HPC data center platform, monetizing power assets, expanding site pipeline, and capital discipline amid AI-driven compute demand
AI summary of the CIFR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $24.8M vs $43.6M YoY, driven by lower bitcoin prices
- Net loss $267.5M vs $45.8M; operating loss $78.5M vs $45.2M
- Bitcoin mining revenue fell to $24.8M; power sales rose to $2.3M from $1.4M
- Cash and equivalents $831.8M; operating cash used $152.0M for six months
- Stock issuance generated $129.2M; investing cash use reached $797.0M for six months
Risk Factors
- Labor availability: Skilled-worker shortages and wage competition in West Texas could delay data-center construction and exceed budgeted costs
- Regulatory and community opposition: Moratoria, restrictive zoning, or permitting limits could force project abandonment or relocation
- Operational safety: Construction accidents could cause fatalities, equipment destruction, litigation, penalties, or criminal prosecution
- Financial leverage: Total consolidated indebtedness reached $6,016 million as of June 30, 2026
- Debt servicing: Failure to maintain cash reserves or satisfy covenants could accelerate repayment of outstanding indebtedness
AI summary of the CIFR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Cipher announced an amendment and commitment related to the Barber Lake Facility on September 25, 2026
- Material financing or infrastructure terms depend on Exhibit 99.1, which contains the accompanying press release
Item 8.01: Other Events
- Binding ten-year AI-lab lease extends Barber Lake’s contracted term to 20 years
- Approximately $5.2 billion incremental contracted revenue, materially improving long-term revenue visibility
Item 2.02: Results of Operations and Financial Condition
- August 4, 2026 filing covers Cipher Digital’s fiscal-year 2026 results
- Press release and investor presentation in Exhibits 99.1 and 99.2 contain the substantive financial and operating details
Item 7.01: Regulation FD Disclosure
- Investor presentation posted August 4, 2026, ahead of the earnings call
- Presentation furnished as Exhibit 99.2 and intended to support investor and analyst communications
Item 1.01: Entry into a Material Definitive Agreement
- No substantive agreement terms disclosed in the provided Item 1.01 text
- Intended use of net proceeds referenced, indicating a financing-related agreement may be described elsewhere
AI summaries of CIFR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CIFR
Don't miss the next CIFR filing
- Alerts as it files. A push when CIFR files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut CIFR, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Page Tyler | M | Sep 30, 2026 | 113,225 | - |
| Iwaschuk William | M | Sep 30, 2026 | 76,427 | - |
| Iwaschuk William | M | Sep 30, 2026 | 29,611 | - |
| Iwaschuk William | M | Sep 30, 2026 | 76,427 | - |
| Iwaschuk William | M | Sep 30, 2026 | 33,967 | - |
| Iwaschuk William | M | Sep 30, 2026 | 29,611 | - |
| Iwaschuk William | M | Sep 30, 2026 | 33,967 | - |
| Mumford Gregory J.D. | M | Sep 30, 2026 | 17,109 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $126.8M | $151.3M | $223.9M |
| Operating Income | - | -$43.7M | -$421.6M |
| Net Income | - | -$44.6M | -$822.2M |
| Op. Margin | - | -28.9% | -188.2% |
| Net Margin | - | -29.5% | -367.2% |
| Balance Sheet | |||
| Total Assets | - | $855.4M | $4.3B |
| Equity | $491.3M | $682.0M | $805.5M |
| ROE | - | -6.5% | -102.1% |
| Per Share | |||
| EPS | $-0.10 | $-0.14 | $-2.15 |
| Cash Flow | |||
| Operating CF | -$94.2M | -$87.5M | -$207.9M |
| CapEx | - | $139.5M | $487.9M |
Source: XBRL data in Cipher Digital Inc. (CIFR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CIFR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 36 | $3.44B |
| Q1 2026 | 36 | $1.61B |
| Q4 2025 | 32 | $2.53B |
| Q3 2025 | 32 | $1.47B |
| Q2 2025 | 28 | $413.9M |
| Q1 2025 | 24 | $124.0M |
| Q4 2024 | 20 | $204.5M |
| Q3 2024 | 16 | $93.6M |
- Morgan Stanley+8.35M (+233%)
- T. Rowe Price Group+5.93M (+1683%)
- BlackRock+1.95M (+7%)
- Vanguard Portfolio Management LLC+1.81M (+8%)
- Two Sigma Investments+1.77M (+59%)
- D.E. Shaw & Co−1.88M (-11%)
- Millennium Management−1.32M (-46%)
- Renaissance Technologies LLC−1.31M (-69%)
- Marex Group plc−1.29M (-93%)
- JPMorgan Chase & Co−1.11M (-61%)
- Tiger Global Management+927.0K
- Blackstone Group−73.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 224 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CIFR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 30, 2026 | - | - | - |
| 8-K | Sep 25, 2026 | - | Analysis | - |
| SC 13G | Aug 13, 2026 | - | - | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 10, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 8-K | Jun 9, 2026 | - | Analysis | |
| 8-K | Jun 8, 2026 | - | Analysis | |
| 8-K | Jun 8, 2026 | - | Analysis | |
| 4 | Jun 8, 2026 | - | - |
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CIFR SEC filings: frequently asked questions
Are CIFR insiders buying or selling?
In the last 90 days, Cipher Digital Inc. (CIFR) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $2.6 million by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CIFR stock?
As of June 30, 2026, the largest Cipher Digital Inc. (CIFR) holders among the 13F filers tracked by SignalX were BlackRock ($745.2 million), Vanguard Portfolio Management LLC ($591.0 million), Vanguard Capital Management LLC ($404.1 million), D.E. Shaw & Co ($355.4 million), Morgan Stanley ($292.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CIFR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Cipher Digital Inc. (CIFR) reported revenue of $223.9 million (up 48.0% from FY2024) and a net loss of $822.2 million. Diluted EPS was -$2.15. The figures come from the XBRL data in the 10-K.
What are the main risks in CIFR's latest 10-K?
In the 10-K filed February 24, 2026, Cipher Digital Inc. (CIFR) flagged: Regulatory risk: Texas Senate Bill 6 (2025) imposes new interconnection and security payment requirements for loads ≥75 MW on ERCOT, potentially increasing costs and delaying projects. Macroeconomic exposure: Bitcoin price volatility caused $41.6 million unrealized loss on bitcoin fair value in 2025, impacting operating results amid bitcoin mining-to-HPC transition. (AI summary of the Risk Factors section.)
What did CIFR report in its latest 8-K?
Cipher Digital Inc. (CIFR) filed an 8-K on September 25, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 8.01 (Other Events). Cipher announced an amendment and commitment related to the Barber Lake Facility on September 25, 2026.
What are the latest CIFR SEC filings?
Cipher Digital Inc. (CIFR) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 25, 2026 and a Form 4 insider filing on October 2, 2026.
What is CIFR's SEC CIK number?
Cipher Digital Inc. (CIFR)'s SEC Central Index Key (CIK) is 1819989. EDGAR lists every CIFR filing under that number.
Ask anything about CIFR
The research agent reads CIFR's filings, financials, insider trades and 13F holders, then answers with sources.