Cipher Digital (CIFR) Tax Rate (2023 - 2026)
Cipher Digital (CIFR) posted Tax Rate of 0.14% for Q2 2026, up 61.55% on a QoQ basis from 0.36% in Q1 2026, and up 241.0% year-over-year from 0.04% in Q2 2025.
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Analysis
Cipher Digital (CIFR) Tax Rate (2023 - 2026) Analysis & Trends
Cipher Digital has reported Tax Rate for 4 years, with the latest figure at 0.14% in Q2 2026.
- On a quarterly basis, Tax Rate rose 241.0% year-over-year to 0.14% in Q2 2026; TTM through Jun 2026 was 0.4%, a 144.0% decrease from a year earlier, with the FY2025 full-year figure at 0.4%, up 323.0% from the prior year.
- Tax Rate was 0.14% for Q2 2026 at Cipher Digital, up from 0.36% in the prior quarter.
- The five-year high for Tax Rate was 27.3% in Q4 2023, with the low at 6.66% in Q4 2024.
- Average Tax Rate over 4 years is 3.54%, with a median of 0.25% recorded in 2026.
- The sharpest annual moves came in 2024 and 2025: Tax Rate slumped 3396 bps in 2024, then jumped 1719 bps in 2025.
- Over 4 years, Tax Rate stood at 27.3% in 2023, then sank by 124 bps to 6.66% in 2024, then jumped by 109 bps to 0.61% in 2025, then tumbled by 123 bps to 0.14% in 2026.
- The last three Tax Rate figures came in at 0.14% (Q2 2026), 0.36% (Q1 2026), and 0.61% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 8.80% |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | 0.00% |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | -2.22% |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | -0.14% |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | -26.59% |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | -0.17% |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | -155.11% |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | -8.35% |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | 4.76% |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 0.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.14% |
| Mar 31, 2026 | -0.36% |
| Dec 31, 2025 | 0.61% |
| Sep 30, 2025 | 21.39% |
| Jun 30, 2025 | -2.55% |
| Mar 31, 2025 | -2.01% |
| Dec 31, 2024 | -6.66% |
| Sep 30, 2024 | 4.20% |
| Jun 30, 2024 | -3.58% |
| Mar 31, 2024 | 12.24% |
| Dec 31, 2023 | 27.30% |
| Sep 30, 2023 | 5.56% |
| Jun 30, 2023 | -4.89% |
| Mar 31, 2023 | -1.56% |