NasdaqGS:CIFRSoftware
Why Cipher Digital (CIFR) Is Down 9.2% After Surging Revenue But Deepening 2025 Net Losses
On February 20, 2026, Cipher Mining Inc. changed its name to Cipher Digital Inc. and later reported full-year 2025 results showing sales of US$223.94 million versus US$151.27 million a year earlier, alongside a net loss of US$822.24 million compared with US$44.64 million previously.
The combination of higher revenue with a very large increase in net loss, and a basic loss per share from continuing operations rising from US$0.14 to US$2.15, raises questions about how Cipher Digital is...