Cipher Digital (CIFR) EBITDA (2020 - 2026)
Cipher Digital (CIFR) posted EBITDA of -$59.9 million for Q2 2026, up 37.87% on a QoQ basis from -$96.5 million in Q1 2026, and down 4362.84% year-over-year from $1.4 million in Q2 2025.
Analysis
Cipher Digital (CIFR) EBITDA (2020 - 2026) Analysis & Trends
Cipher Digital has reported EBITDA for 7 years, with the latest figure at -$59.9 million in Q2 2026.
- On a quarterly basis, EBITDA fell 4362.84% year-over-year to -$59.9 million in Q2 2026; TTM through Jun 2026 was -$382.8 million, a 7199.14% decrease from a year earlier, with the FY2025 full-year figure at -$222.6 million, down 479.15% from the prior year.
- EBITDA was -$59.9 million for Q2 2026 at Cipher Digital, up from -$96.5 million in the prior quarter.
- The five-year high for EBITDA was $63.9 million in Q1 2024, with the low at -$248.1 million in Q4 2025.
- Average EBITDA over 5 years is -$17.4 million, with a median of $490000.0 recorded in 2023.
- The largest YoY upside for EBITDA was 2695.01% in 2022 against a maximum downside of 15428.32% in 2022.
- Over 5 years, EBITDA stood at -$45.4 million in 2022, then surged by 170.49% to $32.0 million in 2023, then soared by 68.06% to $53.8 million in 2024, then sank by 561.36% to -$248.1 million in 2025, then soared by 75.84% to -$59.9 million in 2026.
- The last three EBITDA figures came in at -$59.9 million (Q2 2026), -$96.5 million (Q1 2026), and -$248.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 665.00 Mn |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | -119.21 Mn |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | -124.82 Mn |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | -59.94 Mn |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 64.50 Mn |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | -78.47 Mn |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 135.34 Mn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 31.74 Mn |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | -2.69 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -8.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -59.94 Mn |
| Mar 31, 2026 | -96.47 Mn |
| Dec 31, 2025 | -248.12 Mn |
| Sep 30, 2025 | 21.68 Mn |
| Jun 30, 2025 | -1.34 Mn |
| Mar 31, 2025 | 5.21 Mn |
| Dec 31, 2024 | 53.78 Mn |
| Sep 30, 2024 | -62.89 Mn |
| Jun 30, 2024 | 4.13 Mn |
| Mar 31, 2024 | 63.89 Mn |
| Dec 31, 2023 | 32.00 Mn |
| Sep 30, 2023 | -2.91 Mn |
| Jun 30, 2023 | 2.32 Mn |
| Mar 31, 2023 | 7.58 Mn |
| Dec 31, 2022 | -45.40 Mn |
| Sep 30, 2022 | 59.24 Mn |
| Jun 30, 2022 | -29.32 Mn |
| Mar 31, 2022 | -17.55 Mn |
| Dec 31, 2021 | -69.21 Mn |
| Sep 30, 2021 | -2.28 Mn |