Formerly Cipher Mining Inc. (to 2026-02-23); GOOD WORKS ACQUISITION CORP. (to 2021-08-25).
The seven operational hero metrics, from the Tier 1 research pass of 2026-09-06: reported figures are solid, computed ones hatched, a figure the company defines differently from its peers marked not comparable, and every null carrying the input it lacks.
The status word is part of the figure: an intention stated on a call and a signed lease are not the same fact, so a megawatt, a term or a value on a row that is not an agreement carries its status beside it. Contracted or operating critical IT capacity for this company is 493 MW. Tap or hover a figure for the text it was read from. Every company's rows.
Counterparty
Status
Announced
MW
Term
Disclosed value
Document
Amazon Data Services, Inc. (AWS; guaranteed by Amazon.com, Inc.) - StingrayStingray, Andrews, TX
Revenue was $24.8M for the quarter ended 2026-06-30; the share count moved +5.5% (+21.7M shares) between 2025-08-06 and 2026-08-03; 609 filings are on EDGAR, the latest a SCHEDULE 13G on 2026-08-13.
The share count went from 246.4M at 2021-11-08 to 415M at 2026-08-03.
shares · 40 dated counts, 2021-11-08 to 2026-08-03, 11 earlier counts not drawn · as of 2026-09-06 · Form 10-Q 2026-08-04
The share count went from 246.4M at 2021-11-08 to 415M at 2026-08-03.
6 at-the-market documents on file, the largest program $725.7M, the most recent filed 2025-05-22.
An at-the-market program is a standing authority to sell shares into the market, so it is the mechanism behind the share count above. The size is the authority, not what has been sold: 2 of 6 state how much is left, and this page never estimates the difference. Tap or hover a size for the text it was read from.
Cover-page language classifies the filing, not the form; every fact carries the sentence it came from; remaining capacity is null unless the document states it. Excluded: 424B3 (resale or selling-shareholder supplement), 424B7 (selling-securityholder supplement).
Quarterly revenue, 11 tagged quarters to 2026-06-30 and 3 hatched, derived from the fiscal year less its three reported quarters.
USD · 2023-03-31 to 2026-06-30, drawn on the 16 quarter-end window from 2022-09-30 to 2026-06-30 that both quarterly panels share; 2 of those quarter-ends carry no value for this metric and stay empty, which is not a zero · as of 2026-09-06 · 10-Q 2026-08-04
Quarterly revenue, 11 tagged quarters to 2026-06-30 and 3 hatched, derived from the fiscal year less its three reported quarters.
Period
Revenue (USD)
2022-09-30
2022-12-31
2023-03-31
$21.9M
2023-06-30
$31.2M
2023-09-30
$30.3M
2023-12-31
$43.4M (derived)
2024-03-31
$48.1M
2024-06-30
$36.8M
2024-09-30
$24.1M
2024-12-31
$42.2M (derived)
2025-03-31
$49M
2025-06-30
$43.6M
2025-09-30
$71.7M
2025-12-31
$59.7M (derived)
2026-03-31
$34.8M
2026-06-30
$24.8M
Quarterly net income, 12 tagged quarters to 2026-06-30 and 4 hatched, derived from the fiscal year, 12 of the 16 a loss.
USD · 2022-09-30 to 2026-06-30 · as of 2026-09-06 · 10-Q 2026-08-04
Quarterly net income, 12 tagged quarters to 2026-06-30 and 4 hatched, derived from the fiscal year, 12 of the 16 a loss.
Period
Net income (USD)
2022-09-30
$59.3M
2022-12-31
-$51.6M (derived)
2023-03-31
-$4.6M
2023-06-30
-$13.2M
2023-09-30
-$18.6M
2023-12-31
$10.6M (derived)
2024-03-31
$39.9M
2024-06-30
-$15.3M
2024-09-30
-$86.8M
2024-12-31
$17.5M (derived)
2025-03-31
-$39M
2025-06-30
-$45.8M
2025-09-30
-$3.3M
2025-12-31
-$734.2M (derived)
2026-03-31
-$114.3M
2026-06-30
-$267.5M
Cash and equivalents at each balance sheet date, 16 points to 2026-06-30.
USD · 2022-09-30 to 2026-06-30 · as of 2026-09-06 · 10-Q 2026-08-04
Cash and equivalents at each balance sheet date, 16 points to 2026-06-30.
Period
Cash (USD)
2022-09-30
$28.1M
2022-12-31
$11.9M
2023-03-31
$3.9M
2023-06-30
$1.7M
2023-09-30
$3.3M
2023-12-31
$74.2M
2024-03-31
$88.7M
2024-06-30
$122.6M
2024-09-30
$25.3M
2024-12-31
$5.6M
2025-03-31
$23.2M
2025-06-30
$62.7M
2025-09-30
$1.21B
2025-12-31
$628.3M
2026-03-31
$715.2M
2026-06-30
$831.8M
Digital assets at fair value, 9 balance sheet dates to 2026-06-30.
USD · 2023-12-31 to 2026-06-30 · as of 2026-09-06 · 10-Q 2026-08-04
Digital assets at fair value, 9 balance sheet dates to 2026-06-30.
Period
Digital assets (USD)
2023-12-31
$33M
2024-09-30
$95.5M
2024-12-31
$92.7M
2025-03-31
$52M
2025-06-30
$112.1M
2025-09-30
$170.3M
2025-12-31
$125.4M
2026-03-31
$76.2M
2026-06-30
$37.8M
This company reports on a quarterly cadence and published no monthly production release in the thirteen months from August 2025 to August 2026.
No monthly release in the window; Cipher publishes a quarterly business update.
26 EX-99 exhibits and investor-relations releases from this window were read. 8 of them carry a classification in the file: 7 other, 1 quarterly or annual. The other 18 were read and left unclassified, so this count says what was labelled, not what was looked at. Hashrate, bitcoin mined, bitcoin held, energized megawatts, fleet efficiency and cost per bitcoin appear in the quarterly filings instead, where this site takes them from XBRL.
6 guidance statements on the ledger, 6 with an outcome document: 3 settled, 3 still open.
5 of the 6 are specific enough to score; the rest are tracked and shown but carry no number to check. 3 of the selected rows for this company are specific, which is what the accuracy score would rest on. Every company's statements.
2026-02-24specificsettledMW
Stingray Site ... The Stingray Site has conditional ERCOT interconnection approval of up to 100 MW. We expect to energize the site in the first half of 2026.
Projected
Stingray energized H1 2026, by 2026-06-30
Actual
Missed: Q1 2026 deck (2026-05-05) says substation electrical work 'aligning with Q4 2026 target energization timeline'; Q2 2026 deck shows earthwork and underground electrical underway with '1H 2027 Expected Delivery' and rent from 2027-04-01 as of 2026-08-04
Variance
not computed
The outcome document says: Annualized NOI (3) 700 MW Contracted Gross HPC Capacity 4 Cipher Digital Leading HPC Development Platform Built for Hyperscale Note: (1) Based on gross MWs for executed HPC leases and currently operating bitcoin self -mining capacity (2) Gross pipeline capacity subject to ERCOT batch process (3) Reflects total average contracted annualized NOI from October 2026 to September 2036, through the end of the Barber Lake Fluidstack/Google base lease term Current Portfolio 907 MW (1) of operating and contracted capacity today, including three data center campus leases with world’s leading hyperscalers
Rent under the initial phase is expected to commence in October 2026. Rent under the final phase is expected to commence in March 2027
Projected
Black Pearl initial rent October 2026, by 2026-10-01
Actual
Beaten by about two months: 'Cipher began delivering data center capacity at the beginning of August, two months ahead of the original schedule' and 'rent has commenced at the site' (tenant-requested acceleration via 2026-07-24 lease amendment) as of 2026-08-04
Variance
not computed
The outcome document says: Under the amended terms, Cipher began delivering data center capacity at the beginning of August, two months ahead of the original schedule.
Expected Delivery of Additional 39 MW of Critical IT Load at Barber Lake by January 2027
Projected
Barber Lake Phase II 39 MW by January 2027, by 2027-01-31
Actual
unresolved; 10-K reiterates 'Barber Lake Phase II by January 31, 2027' as of 2026-08-04
Variance
not resolved
The outcome document says: Cipher Barber Lake is targeting delivery of Barber Lake Phase I by September 30, 2026, and of Barber Lake Phase II by January 31, 2027.
Under the terms of this lease agreement, Cipher will deliver 300 MW of capacity in 2026, including both air and liquid cooling to the racks. The capacity will be delivered in two phases, expected to begin in July 2026 and complete in the fourth quarter of 2026, with rent commencing in August 2026.
Projected
AWS Black Pearl: first delivery July 2026, rent August 2026, full 300 MW gross by Q4 2026, by 2026-12-31
Actual
Partly met: after an interim slip (10-K Feb 2026: initial rent by Q4 2026, full ramp Q1 2027; Feb 2026 deck: initial rent October 1, 2026, final phase March 2027), the lease was amended 2026-07-24 and first capacity was delivered 'at the beginning of August' 2026 with rent commenced, matching the original August rent date. Full 300 MW is now scheduled into Q1 2027 (final data hall 81 IT MW target 2027-02-28), i.e. one quarter later than 'complete in the fourth quarter of 2026'. as of 2026-08-04
Variance
not computed
The outcome document says: Under the amended terms, Cipher began delivering data center capacity at the beginning of August, two months ahead of the original schedule.
The Colchis site includes a fully executed 1-GW Direct Connect Agreement with American Electric Power (AEP), under which AEP will construct the necessary dual interconnection facility for a targeted energization in 2028.
Projected
Colchis 1 GW energized 2028, by 2028-12-31
Actual
unresolved; Q2 2026 deck: '2028 Target Energization ... expected to be included in Batch Zero' (subject to ERCOT batch process) as of 2026-08-04
Expected Delivery of 168 MW of Critical IT Load by September of 2026
Projected
Barber Lake Phase I 168 MW critical IT delivered by September 2026, by 2026-09-30
Actual
Unresolved as of 2026-08-04 but on schedule: 10-K restated 'targeting delivery of Barber Lake Phase I by September 30, 2026'; Q2 deck: 'Sep. 2026 Expected Initial Delivery; Rental payments expected to commence October 2026'; tenant 'has commenced beneficial use of the facility, including partial occupancy' as of 2026-08-04
Variance
not resolved
The outcome document says: “We look forward to carrying this momentum into the third quarter, where we expect to make significant additional progress.” Finance and Operations Highlights • First data center capacity at Black Pearl delivered in August, with rent commenced • Secured option for new Apollo data center site with up to 900 MW near San Antonio, Texas • Completed bond offering to fully fund Stingray data center development • Barber Lake data center continues to progress towards completion as tenant has commenced beneficial use of the facility, including partial occupancy of the building and deployment of network