Cipher Digital Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Cipher Digital Inc (CIFR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Cipher Digital Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 210M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-33.6% annualized vs trailing 12 months).
- Scale: Cipher Digital Inc ranks #20 of 121 companies by market capitalization in the Miscellaneous Financial Services industry, holding 0.6% of industry market cap.
- Peer revenue share: Cipher Digital Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
CIFR Sales vs. its Competitors, Q1 2026
Cipher Digital Inc generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Miscellaneous Financial Services industry grew revenue 304.0% year over year, combined, vs -28.8% for Cipher Digital Inc. Cipher Digital Inc's share of combined industry revenue moved from 0.06% to 0.01%, a loss of 0.05 percentage points.
Cipher Digital Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Cipher Digital Inc | - | Yes | Yes | No |
| High-Confidence Competitors (18) | ||||
| Similar-Size Competitors (9) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
CIFR Stock Performance relative to its Competitors
CIFR Stock Performance relative to High-Confidence Competitors
CIFR Stock Performance relative to Similar-Size Competitors
Cipher Digital Inc's Comment on Competition and Industry Peers
Cipher Digital Inc's Competitors Named by the Company
Competitive relationships identified from Cipher Digital Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Hive Digital Technologies Ltd. | Company report | 85% |
| Core Scientific, Inc. | Company report | 85% |
| MARA Holdings, Inc. | Company report | 85% |
| TeraWulf Inc. | Company report | 85% |
| Bitdeer Technologies Group | Company report | 85% |
| Datacentrex Inc | Company report | 85% |
| TZUP | Company report | 85% |
| Digital Realty | Company report | 85% |
| IREN Limited | Company report | 85% |
| Hyperscale Data Inc | Company report | 85% |
| Equinix | Company report | 85% |
| Vantage Data Centers | Company report | 85% |
| Soluna Holdings Inc | Company report | 85% |
| CoreWeave | Company report | 85% |
| Hut 8 Corp. | Company report | 85% |
| Aligned Data Centers | Company report | 85% |
| Bit Digital, Inc. | Company report | 85% |
| Bitfarms Ltd. | Company report | 85% |
| Riot Platforms, Inc. | Company report | 85% |
| CleanSpark, Inc. | Company report | 85% |
| Hive Blockchain Technologies Ltd. | Company report | 85% |
| Big Digital Energy Inc | Company report | 85% |
| Stronghold Digital Mining Inc | Company report | 85% |
| Marathon Digital Holdings, Inc. | Company report | 85% |
| Iris Energy Limited | Company report | 85% |
| MIGI | Company report | 85% |
| Bitfury Holding B.V. | Company report | 85% |
| Bitfury Top HoldCo | Company report | 85% |
Company report basis, confidence, active dates and source counts for Cipher Digital Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from Cipher Digital Inc reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Cipher Digital Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Cipher Digital Inc | Bitcoin Mining 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).