Cipher Digital Inc. (NASDAQ:CIFR) shares are trading higher on Tuesday following the company’s first-quarter FY 2026 results.

Earnings Snapshot

EPS was a loss of 28 cents, compared to a loss per share of 11 cents. Revenue was $34.84 million, below the consensus estimate of $36.01 million.

The company reported adjusted EBITDA loss of $48.22 million vs. adjusted EBITDA of $7.50 million in the year-ago quarter.

At quarter-end, Cipher reported total assets of $6.39 billion, including $715.2 million in cash and cash equivalents, $3.01 billion in current restricted cash, and $519.3 million in noncurrent restricted cash.

The company currently has 907 MW of operating and contracted capacity, including three data center campus leases with hyperscale tenants.

It currently has a ~3.3 GW grid-connected pipeline, with capacity expected to come online progressively ...