Cipher Digital (CIFR) EV to EBITDA (2020 - 2026)
Cipher Digital (CIFR) posted EV to EBITDA of 102.69 for Q2 2026, down 554.13% on a QoQ basis from 15.7 in Q1 2026, and up 92.28% year-over-year from 53.41 in Q2 2025.
Analysis
Cipher Digital (CIFR) EV to EBITDA (2020 - 2026) Analysis & Trends
Cipher Digital has reported EV to EBITDA for 7 years, with the latest figure at 102.69 in Q2 2026.
- On a quarterly basis, EV to EBITDA rose 92.28% year-over-year to 102.69 in Q2 2026; TTM through Jun 2026 was 16.08, a 95.28% increase from a year earlier, with the FY2025 full-year figure at 16.26, down 160.0% from the prior year.
- EV to EBITDA was 102.69 for Q2 2026 at Cipher Digital, down from 15.7 in the prior quarter.
- The five-year high for EV to EBITDA was 296.45 in Q2 2023, with the low at 1329.86 in Q2 2025.
- Average EV to EBITDA over 5 years is 36.2, with a median of 0.98 recorded in 2022.
- The largest YoY upside for EV to EBITDA was 2977.76% in 2023 against a maximum downside of 4579.28% in 2023.
- Over 5 years, EV to EBITDA stood at 2.33 in 2022, then jumped by 1614.29% to 35.23 in 2023, then slipped by 16.07% to 29.57 in 2024, then slumped by 149.31% to 14.58 in 2025, then slumped by 604.21% to 102.69 in 2026.
- The last three EV to EBITDA figures came in at 102.69 (Q2 2026), 15.7 (Q1 2026), and 14.58 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 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 | -102.69 |
| Mar 31, 2026 | -15.70 |
| Dec 31, 2025 | -14.58 |
| Sep 30, 2025 | 171.16 |
| Jun 30, 2025 | -1,329.86 |
| Mar 31, 2025 | 159.21 |
| Dec 31, 2024 | 29.57 |
| Sep 30, 2024 | -20.57 |
| Jun 30, 2024 | 289.78 |
| Mar 31, 2024 | 22.79 |
| Dec 31, 2023 | 35.23 |
| Sep 30, 2023 | -191.57 |
| Jun 30, 2023 | 296.45 |
| Mar 31, 2023 | 73.74 |
| Dec 31, 2022 | -2.33 |
| Sep 30, 2022 | 4.28 |
| Jun 30, 2022 | -10.30 |
| Mar 31, 2022 | -46.23 |
| Dec 31, 2021 | -13.65 |
| Sep 30, 2021 | -992.25 |