Earnings ·
Cipher Digital reports Q3 revenue of $27M and completes $850M convertible note offering
CIFRCipher Digital Inc.
Cipher Digital Inc. announced third-quarter 2026 financial results, reporting total revenue of $27 million and an adjusted EBITDA loss of approximately $10 million. The company recognized its first high-performance computing (HPC) lease revenue as data halls at Black Pearl and Barber Lake began coming online. Cipher also completed an $850 million offering of zero-coupon convertible senior notes due 2032, which funded additional equity investment into the Barber Lake site following a lease amendment that increased total contracted revenue to approximately $9.1 billion. Additionally, the company equitized roughly $165.9 million of its 1.75% convertible notes due 2030 and received conditional base load classifications for up to 1 GW of capacity at Colchis through ERCOT’s Batch Zero process. Cipher Digital Inc. develops and operates industrial-scale data centers engineered for next-generation computing.