Cipher Digital (CIFR) Capital Expenditures (2021 - 2026)
Cipher Digital (CIFR) posted Capital Expenditures of $410.3 million for Q2 2026, down 25.94% on a QoQ basis from $554.0 million in Q1 2026, and up 246.04% year-over-year from $118.6 million in Q2 2025.
Analysis
Cipher Digital (CIFR) Capital Expenditures (2021 - 2026) Analysis & Trends
Cipher Digital has reported Capital Expenditures for 6 years, with the latest figure at $410.3 million in Q2 2026.
- On a quarterly basis, Capital Expenditures rose 246.04% year-over-year to $410.3 million in Q2 2026; TTM through Jun 2026 was $1.2 billion, a 260.84% increase from a year earlier, with the FY2025 full-year figure at $487.9 million, up 249.78% from the prior year.
- Capital Expenditures was $410.3 million for Q2 2026 at Cipher Digital, down from $554.0 million in the prior quarter.
- The five-year high for Capital Expenditures was $554.0 million in Q1 2026, with the low at -$12.5 million in Q4 2023.
- Average Capital Expenditures over 5 years is $91.7 million, with a median of $16.9 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Capital Expenditures jumped 235200.0% in 2022, then plunged 221.82% in 2023.
- Over 5 years, Capital Expenditures stood at $10.3 million in 2022, then slumped by 221.82% to -$12.5 million in 2023, then jumped by 476.98% to $47.1 million in 2024, then soared by 379.36% to $225.9 million in 2025, then soared by 81.64% to $410.3 million in 2026.
- The last three Capital Expenditures figures came in at $410.3 million (Q2 2026), $554.0 million (Q1 2026), and $225.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 1.58 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 855.56 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 410.30 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 1.29 Bn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | - |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 565.02 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | -223.03 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | - |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 410.30 Mn |
| Mar 31, 2026 | 554.00 Mn |
| Dec 31, 2025 | 225.89 Mn |
| Sep 30, 2025 | 43.79 Mn |
| Jun 30, 2025 | 118.57 Mn |
| Mar 31, 2025 | 99.68 Mn |
| Dec 31, 2024 | 47.12 Mn |
| Sep 30, 2024 | 76.61 Mn |
| Jun 30, 2024 | 7.86 Mn |
| Mar 31, 2024 | 7.90 Mn |
| Dec 31, 2023 | -12.50 Mn |
| Sep 30, 2023 | 4.44 Mn |
| Jun 30, 2023 | 10.59 Mn |
| Mar 31, 2023 | 17.95 Mn |
| Dec 31, 2022 | 10.26 Mn |
| Sep 30, 2022 | 15.89 Mn |
| Jun 30, 2022 | 6.01 Mn |
| Mar 31, 2022 | 7.06 Mn |
| Dec 31, 2021 | 4.98 Mn |
| Mar 31, 2021 | 3,000.00 |