Cipher Digital bitcoin holdings
Dropped Mining from its name in February 2026 and spent its bitcoin down by more than half in six months to pay for the data centres replacing it.
Key figures
- Bitcoin held
- 646 BTC
- As of
- 2026-06-30
- Rank
- 54 of 165
- Value at current price
- $40.8M
- Share of 21 million
- <0.01%
Holdings over time
Cumulative bitcoin held after each disclosed event. The line steps rather than slopes because treasury positions change on purchase dates, not continuously.
Only a few disclosures are on file so far. The line joins the points we can source, and grows as more are published.
We do not yet have enough dated market cap points for Cipher Digital to chart its valuation history. Rather than interpolate, we leave it out until the figures are filled in.
Every disclosure we have
| Date | Event | Change | Total held | Note | Source |
|---|---|---|---|---|---|
| 2026-06-30 | Sold | 646 | Q2 2026 Form 10-Q: approximately 646 bitcoin at a fair value of $37.8 million, of which 53 were pledged against trading strategies. | sec.gov | |
| 2026-03-31 | Sold | 1,116 | Q1 2026 Form 10-Q: 1,116 bitcoin at a fair value of $76.2 million, after selling $66.8 million of bitcoin during the quarter. | sec.gov | |
| 2025-12-31 | Reported | 1,433 | Year end balance stated in the Q1 2026 Form 10-Q, at a fair value of $125.4 million. | sec.gov |
About Cipher Digital
Cipher's bitcoin is a construction budget. It sold coins for about $123.4 million in the first half of 2026 while paying roughly $964.3 million for property and equipment, mostly the build out of Black Pearl and Barber Lake, and its balance sheet classifies bitcoin as a current asset precisely because it intends to sell it to fund operations.
The company was Cipher Mining until February 2026. The rename followed the business: 300 MW campuses in Texas leased to Amazon Data Services and to Fluidstack, $3.73 billion raised in senior secured notes, a 49 percent stake in three mining joint ventures sold to Canaan for about $40 million, and roughly 83 percent of a 5.3 GW pipeline earmarked for high performance computing rather than mining.
Holdings fell from 1,433 coins at the end of 2025 to 1,116 in March and 646 at 30 June. Some of what remains is committed elsewhere: 53 coins were pledged against trading strategies at the half year, and the company runs a $25 million overnight credit line with Coinbase and a $100 million facility with Two Prime that is backed by bitcoin held in a triparty account.
Compared with its neighbours
Sources
Holdings figures and their dates come from the disclosures linked in the history table above. Read the full methodology.