Treasury Qualification
Treasury classificationBitcoin Miner with Strategic Holdings
Qualification tierCore Directory
Directory statusIncluded
Ownership statusCompany-owned Bitcoin generated primarily through mining. Of 1,116 BTC held at March 31, 2026, 85 BTC was pledged as part of trading strategies and 1,031 BTC was not identified as pledged.
Strategic intent
Cipher retains a material portion of mined Bitcoin and actively manages those holdings through selective sales, collateral use, and trading strategies while funding its Bitcoin-mining and high-performance-computing infrastructure businesses.
Bitcoin Treasury
BTC counted in directory1,116 BTC
Estimated value$71,038,980BTC price retrieved: July 28, 2026 at 19:51 UTC
Holdings as ofMarch 31, 2026
Average purchase price$90,591
Ownership and Restrictions
Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.
Total BTC reported1,116
Unencumbered / unrestricted1,031
Pledged as collateral85
Loaned to third parties0
Subsidiary-owned0
Other restricted / receivable0
Latest Financial Results
Reporting period: Three months ended March 31, 2026
Revenue$34,838,000
Operating income/loss$-114,569,000
Net income/loss$-114,316,000
Cash$715,203,000
Management
- Chief executive officer
- Tyler Page
- Chief financial officer
- Gregory Mumford
- Executive chair
- None