Cipher Digital Inc.
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 2, 2026
CIFR$6.53-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except for share and per share amounts)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $656,009 | $628,263 |
| Restricted cash, current | 1,719,403 | 1,761,292 |
| Accounts receivable | 20,469 | 687 |
| Receivables, related party | - | 271 |
| Prepaid expenses and other current assets | 56,342 | 7,977 |
| Bitcoin | 25,943 | 125,400 |
| Miners held for sale | - | 94,879 |
| Derivative asset, current | 8,770 | 34,090 |
| Total current assets | 2,486,936 | 2,652,859 |
| Restricted cash, non-current | 477,182 | 275,076 |
| Property and equipment, net | 3,899,880 | 633,417 |
| Intangible assets, net | 125,094 | 77,388 |
| Investment in equity investees | - | 29,400 |
| Derivative asset, non-current | - | 22,720 |
| Operating lease right-of-use asset | 32,322 | 11,321 |
| Security deposits | 89,565 | 27,732 |
| Other non-current assets | 555,075 | 561,995 |
| Total assets | $7,666,054 | $4,291,908 |
| LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $216,987 | $40,064 |
| Accrued expenses and other current liabilities | 628,770 | 90,086 |
| Finance lease liability, current portion | 4,389 | 4,237 |
| Operating lease liability, current portion | 2,450 | 1,731 |
| Warrant liability | 504,880 | 525,160 |
| Short-term borrowings | 112,704 | 37,793 |
| Total current liabilities | 1,470,180 | 699,071 |
| Deferred revenue | 46,185 | - |
| Long-term borrowings, net | 5,447,174 | 2,711,648 |
| Asset retirement obligations | 24,082 | 33,696 |
| Finance lease liability | 17,930 | 3,094 |
| Operating lease liability | 34,578 | 8,545 |
| Total liabilities | 7,040,129 | 3,456,054 |
| Commitments and contingencies (Note 13) | ||
| Redeemable noncontrolling interest | 25,670 | 30,319 |
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of September 30, 2026, and December 31, 2025 | - | - |
| Common stock, $0.001 par value, 1,000,000,000 and 1,000,000,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively, 425,237,783 and 412,074,529 shares issued as of September 30, 2026 and December 31, 2025, respectively, and 415,092,825 and 404,963,061 shares outstanding as of September 30, 2026, and December 31, 2025, respectively | 425 | 412 |
| Additional paid-in capital | 1,953,736 | 1,808,786 |
| Accumulated deficit | (1,353,896) | (1,003,656) |
| Treasury stock, at par, 10,144,958 and 7,111,468 shares at September 30, 2026 and December 31, 2025, respectively | (10) | (7) |
| Total stockholders’ equity | 600,255 | 805,535 |
| Total liabilities, redeemable noncontrolling interest, and stockholders’ equity | $7,666,054 | $4,291,908 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.