CIFR reports Q1 2026 revenue of $35 million and a $200 million revolving credit facility to fund AI data center expansion.
Cipher Digital (NASDAQ:CIFR) reported Q1 2026 revenue of $35 million, with adjusted EBITDA at negative $48 million. The company signed a third AI data center lease with an investment-grade hyperscale tenant during the quarter.
The firm secured its first corporate revolving credit facility, providing up to $200 million in committed borrowing capacity. This move aims to bolster liquidity and finance the equity component of its third data center campus.
Cipher Digital also noted progress on its Black Pearl data center, with Phase I retrofitting underway and Phase II site work beginning in April. The company remains on schedule for both phases.