Cipher Digital
- Ticker
- CIFR
- Beat
- datacenters
- Size
- Public Company
- Researched · Fresh
- today
The landlord has started collecting rent — Black Pearl (AWS) delivered two months early in August — but Barber Lake just slipped a quarter and Cipher is eating the first $359.3M of overrun there, all on a $6.0B debt stack against $562M of book equity; at ~$7.4B market cap versus ~$793M/yr of contracted NOI the equity is no longer priced for perfection, it is priced for a builder that must stop surprising on cost.
Weekly closes
No Friday close is on the record for CIFR yet. The weekly job prices the covered universe; a name it cannot price is listed as missing rather than estimated.
Who is buying
- Shares sold shortFINRA · settled 31 Aug 2026
- 71,618,299 shares
- Days to unwind the shortFINRA · settled 31 Aug 2026
- 2.05
The research around Cipher Digital
Covered in the Knowledge Base
Datacenters & Digital Infrastructure
Company details
| Industry | Cloud Computing |
| Size | Public Company |
Others in datacenters
5 namesWhere Cipher Digital sits against the other names we cover on this beat. Each line is that company’s verdict, not a summary of it.
Applied Digital
APLDThe backlog stopped being a press release and became an audited receivable
Cash $1.6B · Runway ~3.6yr at this rate
Bloom Energy
BEThe valuation short mostly worked and is now two-thirds spent
Cash $2.7B
Equinix
EQIXThe largest guidance raise in company history rests on a quarter whose headline was bought
Cash $979M
Uniti Group
UNITThe inflection the market bought in Q1 was a one-off hyperscaler IRU
Cash $609M · Runway ~2 qtr at this rate
Vertiv Holdings
VRTThe print that mattered came in split — margin, cash and the raised guide all beat, revenue missed, and the reason it missed was Vertiv's own executio…
Cash $2.8B