CIFR
Cipher Digital Inc.
September 16, 2026 · market open
- Rarity
- 1.16
- Peak move
- +16.06%
- Float cap
- $4.9B
Cipher Digital develops and operates industrial-scale data centers for high-performance computing and artificial intelligence workloads. It leases turnkey data center capacity to hyperscalers and other HPC customers under long-term contracts, while retaining bitcoin mining as an interim or complementary use of power. The company owns a 4.2 GW portfolio across Texas and Ohio and is developing facilities for tenants including Fluidstack/Google and Amazon Web Services.
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What we found
8 events · 0 from SEC or newswire · 0 timed with the moveoperating_metricsCipher Digital reported 807 MW operational across its Barber Lake (300 MW), Black Pearl (300 MW) and Odessa (207 MW) sites, with Reveille and Ulysses (270 MW combined) holding full grid-connection approval, within its 5.3 GW total project portfolio.
major_contractCipher Digital, together with tenants FluidStack and Anthropic, pledged $10 million to restore and expand the water system in Colorado City, Texas, which was damaged by July storms, through the newly formed Colorado City Water Infrastructure Foundation, tied to the Barber Lake data center.
- Key event
analyst_ratingNeedham analyst John Todaro reiterated a Buy rating and $25 price target on Cipher Digital after ERCOT granted conditional base-load status for 1 GW at its Colchis site in Texas, estimating a Colchis lease on Stingray economics would add $15.61 per share, up to $34.10 with a 14x terminal multiple.
- Key event
peer_disclosureCoinShares' Q2 bitcoin mining report said at least 35 EH/s will leave the listed miner group in Q3 as IREN and Cipher Digital complete exits, cutting network hashrate roughly 4%, and said Cipher expects mining to be immaterial by 2030 with a full exit by end-2027.
- Key event
operating_metricsCipher Digital, formerly Cipher Mining, disclosed a project portfolio of 5.3 GW including an option for a 900 MW site near San Antonio, and expects annualized net operating income to rise from $97 million this year to $686 million next year on 10-to-15-year colocation leases.
regulatory_approvalERCOT granted Cipher Digital conditional Batch Zero classifications covering 3.2 GW across six Texas projects, comprising 1.1 GW conditional base load (1 GW Colchis, 100 MW Stingray) and 2.1 GW conditional studied load (500 MW Mikeska, 900 MW Apollo, 200 MW Stingray Phase II, 500 MW McLennan), with final designations pending state-ordered audits due December 2026.
analyst_ratingRosenblatt analyst Chris Brendler reiterated a Buy rating and $30 price target on Cipher Digital after the 3.2 GW conditional Batch Zero ERCOT disclosure, implying 77.5% upside from a $16.90 reference price, keeping 2027 revenue of $709.6M and adjusted EBITDA of $437.5M.
crypto_moveBitcoin traded around $79,000, down roughly 0.7% over 24 hours and more than $34,000 below its year-earlier level, with hashprice at five-year lows.