Develops industrial-scale data centers for hyperscalers and HPC customers.
Jun 2026Revenue $191M/yrExpenses $722M/yr
No trendCash runway ≈ 7 months from Jun 2026
Figures by year
When will Cipher Digital be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to Jun 2026, revenue was $191M and expenses $722M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $224M | $646M | −$422M |
| Dec 2024 | $151M | $195M | −$43.7M |
| Dec 2023 | $127M | $147M | −$20.1M |
| Dec 2022 | $3.04M | $40.5M | −$37.4M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.