Cipher Digital (CIFR) Construction in Progress (2024 - 2026)
Cipher Digital (CIFR) posted Construction in Progress of $1.7 billion for Q2 2026, up 100.87% on a QoQ basis from $834.4 million in Q1 2026, and up 13984.87% year-over-year from N/an in Q2 2025.
Analysis
Cipher Digital (CIFR) Construction in Progress (2024 - 2026) Analysis & Trends
Cipher Digital has reported Construction in Progress for 3 years, with the latest figure at $1.7 billion in Q2 2026.
- On a quarterly basis, Construction in Progress rose 13984.87% year-over-year to $1.7 billion in Q2 2026; TTM through Jun 2026 was $1.7 billion, a 13984.87% increase from a year earlier, with the FY2025 full-year figure at $276.5 million, up 237.2% from the prior year.
- Construction in Progress was $1.7 billion for Q2 2026 at Cipher Digital, up from $834.4 million in the prior quarter.
- The five-year high for Construction in Progress was $1.7 billion in Q2 2026, with the low at $11.9 million in Q2 2025.
- Average Construction in Progress over 3 years is $343.1 million, with a median of $82.0 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Construction in Progress sank 78.24% in 2025, then jumped 13984.87% in 2026.
- Over 3 years, Construction in Progress stood at $82.0 million in 2024, then soared by 237.2% to $276.5 million in 2025, then surged by 506.18% to $1.7 billion in 2026.
- The last three Construction in Progress figures came in at $1.7 billion (Q2 2026), $834.4 million (Q1 2026), and $276.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 101.08 Bn | 98.85 Bn | 1.40 Bn | - |
| 2 | Terawulf | 7.85 Bn | 5.09 Bn | 32.37 Mn | - |
| 3 | Applied Digital | 7.10 Bn | 3.13 Bn | 97.29 Mn | - |
| 4 | Cipher Digital | 6.55 Bn | 2.53 Bn | 9.79 Mn | 1.68 Bn |
| 5 | GDS Holdings | 5.90 Bn | 3.71 Bn | 97.89 Mn | - |
| 6 | Core Scientific | 5.67 Bn | 3.73 Bn | 70.04 Mn | - |
| 7 | Vnet | 1.71 Bn | 723.63 Mn | 74.45 Mn | - |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 714.88 Mn | 654.51 Mn | 18.88 Mn | 484.59 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.68 Bn |
| Mar 31, 2026 | 834.40 Mn |
| Dec 31, 2025 | 276.50 Mn |
| Sep 30, 2025 | 12.10 Mn |
| Jun 30, 2025 | 11.90 Mn |
| Mar 31, 2025 | 120.20 Mn |
| Dec 31, 2024 | 82.00 Mn |
| Sep 30, 2024 | 55.60 Mn |
| Jun 30, 2024 | 19.50 Mn |