#44 BTC Company🇺🇸United States

Cipher Digital

Cipher Digital, formerly Cipher Mining, is a Miner in Texas that mines BTC and develops high-performance computing data centers.

MinerBitcoin MiningNasdaq:CIFR
BTC holdings
646

$47.51M · as of Jun 30, 2026 · price as of Nov 11, 2026

Cost Basis
$45.9M

NgU 1.04× · as of Jun 30, 2026

Average cost / BTC
$71,053
Change since start of year
-787 BTC

-54.9%

Market Cap
$2.71B
Enterprise Value
$7.89B
mNAV
—
Holdings per Share (BTC)
—

Balance sheet values as of Jun 30, 2026, basic shares as of Aug 3, 2026: 10-Q · Aug 4, 2026

Asset holdings

Latest reported holdings for each asset. Cost Basis is the reported total cost. It can include fees and staking income. It does not give the date or price of each Purchase.

AssetHoldingsCost BasisAs ofSources
BTC646$45,900,000.00 USDJun 30, 2026

HoldingsBTC vs USD value

646 BTC

$47.67M USD value · as of 2026-11-10

  • BTC Holdings (left)
  • USD Value (right)

BTC Reserve

646 BTC

Average Cost $71,053 / BTC · 0 Purchases and 1 Sale since 2023-03-31

  • Holdings
  • Average Cost
  • Purchase (size = amount)
  • Sale (size = amount)

BTC historical holdings

DateChangeHoldingsCumulative costAverage CostSources
Jun 30, 2026Unexplained Decrease: The Source reports lower holdings without a stated Sale. The bitcoin roll-forward states 'Proceeds from sales of bitcoin' in USD only, with no bitcoin unit count. The count does not include 53 bitcoin pledged as part of trading strategies.-470-42.11%646$45.9M$71,053
Mar 31, 2026Unexplained Decrease: The Source reports lower holdings without a stated Sale. The bitcoin roll-forward states 'Proceeds from sales of bitcoin' in USD only, with no bitcoin unit count.-317-22.12%1,116$101.1M$90,591
Dec 31, 2025Unexplained Decrease: The Source reports lower holdings without a stated Sale. The bitcoin roll-forward states 'Proceeds from sales of bitcoin' in USD only, with no bitcoin unit count.-60-4.02%1,433$154.1M$107,537
Sep 30, 2025+447+42.73%1,493$160.4M$107,435
Jun 30, 2025+416+66.03%1,046$102.2M$97,706
Mar 31, 2025Unexplained Decrease: The Source reports lower holdings without a stated Sale. The bitcoin roll-forward states 'Proceeds from sales of bitcoin' in USD only, with no bitcoin unit count. The count includes bitcoin received as a loan ('Bitcoin received from loan' of $16.6 million), which the Company repaid in the second quarter of 2025.-364-36.62%630$59.2M$93,968
Dec 31, 2024Unexplained Decrease: The Source reports lower holdings without a stated Sale. The bitcoin roll-forward states 'Proceeds from sales of bitcoin' in USD only, with no bitcoin unit count.-514-34.08%994$79.8M$80,282
Sep 30, 2024Unexplained Decrease: The Source reports lower holdings without a stated Sale. The bitcoin roll-forward states 'Proceeds from sales of bitcoin' in USD only, with no bitcoin unit count.-695-31.55%1,508——
Jun 30, 2024+473+27.34%2,203——
Mar 31, 2024+950+121.79%1,730——
Dec 31, 2023+227+41.05%780——
Sep 30, 2023+149+36.88%553——
Jun 30, 2023Unexplained Decrease: The Source reports lower holdings without a stated Sale for the quarter. The 10-Q for June 30, 2023 states that the Company sold 2,063 bitcoin in the six months ended June 30, 2023, and the 10-Q for March 31, 2023 states 939 bitcoin sold in the first quarter.-12-2.88%404——
Mar 31, 2023+22+5.58%416——
Mar 31, 2023Sale-939———
Dec 31, 2022—394——

Advanced metrics

DateBTC holdings Shares outstanding Stock price Market Cap Financials
BalanceCost BasisValueBasicDilutedBasicDilutedCashDebt
Jun 30, 2026646$45.9M$37.87M415M—$24.50$10.17B—$831.83M$6.02B
Mar 31, 20261,116$101.1M$76.21M——$12.87————
Dec 31, 20251,433$154.1M$125.6M——$14.76————
Sep 30, 20251,493$160.4M$170.28M——$12.59————
Jun 30, 20251,046$102.2M$112.08M——$4.78————
Mar 31, 2025630$59.2M$52.01M——$2.30————
Dec 31, 2024994$79.8M$93.01M——$4.64————
Sep 30, 20241,508—$95.5M——$3.87————
Jun 30, 20242,203—$138.29M——$4.15————
Mar 31, 20241,730—$123.31M——$5.15————
Dec 31, 2023780—$32.98M——$4.13————
Sep 30, 2023553—$14.91M——$2.33————
Jun 30, 2023404—$12.31M——$2.86————
Mar 31, 2023416—$11.84M——$2.33————
Dec 31, 2022394—$6.52M——$0.56————

— means no value was disclosed or derivable for that date.Stock prices are daily closes in USD at today's exchange rate.

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  11. #44Cipher Digital646 BTC
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