Cipher Digital (CIFR) Capital Expenditures (2021 - 2026)
Cipher Digital (CIFR) reported Capital Expenditures of $410.3 million for Q2 2026, up 246.0% from $118.57 million a year earlier but down 25.9% from the prior quarter.
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Analysis
Cipher Digital (CIFR) Capital Expenditures (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cipher Digital's Capital Expenditures came in at $1.23 billion, up 260.8% year-over-year; for FY2025, it was $487.92 million, up 249.8% from FY2024.
- Capital Expenditures has a four-year compound annual growth rate of 212.6% (FY2021 to FY2025).
- By year, Capital Expenditures came in at $139.5 million in FY2024 (+581.1%), $20.48 million in FY2023 (-47.8%), $39.22 million in FY2022 (+667.5%) and $5.11 million in FY2021.
- Five-year quarterly Capital Expenditures spans a low of -$12.5 million in Q4 2023 and a high of $554 million in Q1 2026.
- Year over year, Capital Expenditures has now increased in each of the last three quarters, with growth averaging 259.6% over the last four quarters.
- The high point for year-over-year Capital Expenditures in five years was Q1 2026 (growth of 455.8%); the low point was Q3 2023 (a decline of 72.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $554 million (Q1 2026), $225.89 million (Q4 2025) and $43.79 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,843.70 Bn | 3,766.85 Bn | 60.48 Bn | 35.80 Bn |
| 2 | International Business Machines | 209.74 Bn | 160.64 Bn | 9.91 Bn | 229.00 Mn |
| 3 | Cloudflare | 112.41 Bn | 95.94 Bn | 499.52 Mn | 49.96 Mn |
| 4 | Equinix | 101.21 Bn | 89.76 Bn | 1.40 Bn | 1.58 Bn |
| 5 | Nebius | 61.44 Bn | 34.87 Bn | 448.70 Mn | -5.66 Bn |
| 6 | CoreWeave | 49.38 Bn | 36.47 Bn | 1.70 Bn | 6.42 Bn |
| 7 | Verisign | 26.06 Bn | 23.28 Bn | 384.60 Mn | 18.80 Mn |
| 8 | Nutanix | 19.56 Bn | 11.24 Bn | 651.35 Mn | 37.44 Mn |
| 9 | Akamai Technologies | 15.64 Bn | 9.05 Bn | 613.75 Mn | 144.93 Mn |
| 10 | Cipher Digital | 6.51 Bn | 3.15 Bn | 9.79 Mn | 410.30 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 |
API Access
Cipher Digital Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CIFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "CIFR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CIFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();