Cipher Digital (CIFR), a Nasdaq-listed digital infrastructure company, announced its Q1 2026 business update, reporting $35 million in revenue and an adjusted EBITDA of -$48 million. The company emphasized 2026 as a pivotal year for executing its transformation strategy. Construction of the Barber Lake and Black Pearl data centers is progressing as planned. Additionally, Cipher signed a lease agreement for a third AI data center campus with an investment-grade Hyperscale client in Q1. The company also secured a $200 million revolving credit facility backed by multiple global financial institutions to enhance liquidity and support upcoming expenditures. Cipher plans to continue expanding its high-performance computing (HPC) infrastructure.
Cipher Digital Reports $35M Q1 Revenue, Secures $200M Credit Line
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