Cipher Digital, Inc. (CIFR)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
$17.74+2.13%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · CIFR
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within information technology on a research-validated quality screen. As of 2026-09-04.
The screen ranks CIFR against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 47% of the time over the next year (vs 59% for the rest of the cohort, n=6360).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue timely development and delivery of data center capacity at Black Pearl, Barber Lake, and Stingray sites to meet tenant demands and accelerate rent commencement.
Stated as a priority in 2 of last 2 quarters. Management reported delivering first HPC data center capacity at Black Pearl ahead of schedule with rent commenced in 2026-Q2, and projects at Barber Lake and Black Pearl remain on schedule as of 2026-Q1. Revenue declined from $34.8M in 2026-Q1 to $24.8M in 2026-Q2, reflecting early-stage development revenue recognition. The trajectory shows delivering on development milestones with accelerated capacity delivery.
“Delivered first HPC data center capacity ahead of schedule and rent has commenced at Black Pearl.”
“Barber Lake topped out in April; Black Pearl Phase I retrofitting progressing well; projects remain on schedule.”
Focus on signing new leases and expanding existing agreements with investment-grade hyperscale tenants to build a leading HPC development platform.
Stated as a priority in 2 of last 2 quarters. Management announced signing a third AI data center lease with an investment-grade hyperscale tenant in 2026-Q1 and accelerated Black Pearl lease delivery in 2026-Q2. Revenue declined from $59.7M in 2025-Q4 to $34.8M in 2026-Q1, reflecting early-stage lease ramp. The trajectory shows continued lease expansion and accelerated delivery consistent with stated priorities.
Raise capital through revolving credit facilities and senior secured notes offerings to fund data center development and improve financial flexibility.
Stated as a priority in 2 of last 2 quarters. Management secured a $200 million revolving credit facility in 2026-Q1 and completed an $810 million senior secured notes offering in 2026-Q2 to fund data center development. These capital raises align with the stated goal of strengthening liquidity and capital structure, showing delivering on financing initiatives.
Focus on improving operating cash flow to support ongoing development and operational needs.
Stated as a priority in 6 of last 6 quarters. Cash from operations was negative in five consecutive quarters from 2025-Q1 through 2026-Q1, ranging from -$28.9M to -$56.2M, then improved sharply to positive $91.5M in 2026-Q2. This shows recent delivering on improving cash flow after persistent negative cash generation, indicating progress on this operational priority.
“Cash from operating activities improved to $91.5 million.”
Reduce net losses through operational improvements and revenue growth to move towards profitability.
Stated as a priority in 6 of last 6 quarters. Net losses have increased significantly from -$38.9M in 2025-Q1 to -$267.5M in 2026-Q2, indicating worsening profitability despite management's stated focus. The trajectory is declining, showing limited progress in addressing net income losses so far.
“Net loss of $267.5 million reported.”
Over the trailing year it converted 0.29x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates (low R² over the window).
29 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated volatile grew net income 60% of the time over the next year (vs 58% for the rest of the cohort, n=2769).
Not investment advice. As of 2026-09-04.
“Amended Black Pearl campus lease with investment-grade hyperscale tenant, accelerating development timeline.”
“Signed third data center campus lease with an investment-grade hyperscale tenant.”
“Completed bond offering to fully fund Stingray data center development.”
“Secured $200 million revolving credit facility supported by leading global financial institutions.”
“Cash from operating activities was negative $54.4 million.”
“Cash from operating activities was negative $50.1 million.”
“Cash from operating activities was negative $56.2 million.”
“Cash from operating activities was negative $47.2 million.”
“Cash from operating activities was negative $28.9 million.”
“Net loss of $114.3 million reported.”
“Net loss of $734.2 million reported.”
“Net loss of $3.3 million reported.”
“Net loss of $45.8 million reported.”
“Net loss of $38.9 million reported.”