Cipher Digital CIFR
NASDAQ CIFR
$17.74 +0.37 (+2.13%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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