Cipher Digital releases Q2 2026 Business Update
The update highlights early Black Pearl delivery, an Apollo site option near San Antonio, $810M funding for Stingray, and construction progress.
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Developer and operator of hyperscale data centers
cipherdigital.comLast updated
In short: Cipher rebranded to Cipher Digital and expanded into AI data centers, despite facing a wider quarterly loss and project delays in Texas.
The update highlights early Black Pearl delivery, an Apollo site option near San Antonio, $810M funding for Stingray, and construction progress.
Development at Barber Lake and Black Pearl is on track. It signed a third AI data center lease and secured a $200M revolving credit facility.
This includes a 15-year lease with a Hyperscale tenant and a $200m revolving credit facility backed by leading global financial institutions.
The company reported $60M revenue, sold 49% stakes in three JV sites for $40M in stock, and confirmed projects remain on budget.
Cipher Digital sold 1,619 BTC, booked a $47.7M realized loss and faces heavy capex and financing strain as Black Pearl data-center rent finally begins.
The audit leaves energization timelines uncertain for Cipher's 1.4 GW net Texas portfolio, shifting near-term attention toward capacity outside the new interconnection study.
Cipher Digital (NASDAQ: CIFR) and Hyperscale Data (NYSEAMERICAN: GPUS) are the latest miners to sell Bitcoin. So far, the number of Bitcoins sold by public...
NEW YORK, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ: CIFR) ("Cipher" or the "Company") today announced its fourth quarter and full year...
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