Cipher Mining Shares Jump 9.78% on AI Data Center Progress

Overview

• Cipher shares closed at $19.64, up 9.78%, after the company highlighted momentum in building and leasing AI-focused data center campuses.
• The first-quarter 2026 report showed $35 million in revenue, a net loss of $114 million, and adjusted EBITDA of negative $48 million.
• The company signed a lease for a third AI data center campus with an investment-grade tenant, which strengthens confidence in future rent payments.
• Project work advanced as the Barber Lake facility reached structural completion in April and the Black Pearl site began retrofitting and Phase II site work.
• Cipher secured a $200 million revolving credit line and reduced its bitcoin holdings to $76 million from $125 million as it shifts from mining to high-performance computing.