Short answer
Cipher Digital Inc. (CIFR) filed its Q2 2026 10-Q quarterly report on Aug 4, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $25M (down 43.0% year over year) with net income of −$268M.
Q2 2026 key financials · XBRL
- Revenue
- $25M
- −43.0% YoY · −28.7% QoQ
- Net income
- −$268M
- −484.4% YoY · −134.0% QoQ
- Operating margin
- -316.2%
- EPS (diluted)
- −$0.66
- −450.0% YoY · −135.7% QoQ
Source: XBRL data from the Cipher Digital Inc. (CIFR) Q2 2026 10-Q on SEC EDGAR. USD.
Cipher Digital Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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