According to The Block, Bitcoin miner Cipher Digital posted a net loss of $114 million in Q1 2026, nearly doubling from $39 million in Q1 2025. Mining revenue fell to $35 million from $49 million, while the company’s Bitcoin holdings declined in value from $125 million to $76 million. CEO Tyler Page stated the company is accelerating its transition to AI data centers, having signed a third data center lease agreement and secured a revolving credit facility of up to $200 million.
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