Cipher Digital Inc. 8K

Cipher Digital Inc. reported a major strategic build-out of its HPC data center platform, funded by substantial secured debt financings and long-term leases, alongside Q2 2026 financial results and a shift to Adjusted EBITDA as its primary non-GAAP performance metric.

On August 4, 2026, Cipher Digital Inc. furnished a detailed business and financial update describing its evolution into a large-scale high-performance computing (HPC) data center developer and operator, highlighting approximately 907 MW of operating and contracted capacity and a 4.4 GW grid pipeline expected to support a ~5.3 GW portfolio by 2030+, long-term HPC leases generating an estimated ~$11.4 billion of contracted revenue and ~$793 million of average annualized NOI from October 2026 through September 2036, construction progress and milestone deliveries at its Black Pearl, Barber Lake, and Stingray campuses (including early capacity delivery and rent commencement at Black Pearl and a fully funded Stingray project following an $810 million high-yield bond issue), acquisition of an option on a new 900 MW Apollo site in Texas, key strategic hires in grid strategy and engineering, active negotiations for HPC leases across several ERCOT-grid sites, and a Q2 2026 financial update showing continued bitcoin mining operations, significant expansion of assets and secured project-level debt, a large net loss driven by non-cash items, and a change in its primary non-GAAP performance metric from Adjusted Earnings (Loss) to Adjusted EBITDA.

Filing Facts

CIK

1819989

Ticker

-

Form

8K

Source Type

sec

Accession

0001819989-26-000038

Alert Tier

7