Cipher Digital Posts $114 Million Q1 Loss as Bitcoin Miner Accelerates AI Data Center Pivot

According to The Block, Cipher Digital posted a net loss of $114 million in Q1 2026, more than double the $39 million loss from Q1 2025, as the bitcoin miner accelerates its pivot to AI infrastructure. Bitcoin mining revenue fell to $35 million from $49 million year-over-year. The company signed its third AI data center campus lease with a hyperscale tenant in Q1 and secured a $200 million revolving credit facility. Cipher Digital’s bitcoin holdings declined to $76 million from $125 million.