Cipher Digital Inc. (CIFR): Leopold Aschenbrenner Sells Stake in Data Center Stock

Filings for the archetypal 4th of 2026 amusement that Leopold Aschenbrenner has sold disconnected the involvement his hedge money had successful Cipher Digital Inc. (NASDAQ:CIFR). In the 4th fourth of 2025, the money owned 10.4 cardinal shares successful the company. Cipher develops and operates industrial-scale information centers for bitcoin mining and high-performance compute hosting successful the United States. It develops HPC information halfway facilities crossed assorted sites for hyperscaler tenants, and operates powerfulness astatine 1 bitcoin mining information center. It besides maintains a pipeline crossed assorted sites. Aschenbrenner has mostly been bullish connected Bitcoin miners turning to AI compute.

However, helium has sold disconnected his Cipher Digital Inc. (NASDAQ:CIFR) holding. The superior operational pillar of the carnivore lawsuit is that the bequest gross motor of the steadfast is being disassembled acold faster than the HPC information halfway revenues are coming online, starring to structural underperformance. For Q1 2026, Cipher reported gross of conscionable $34.84 million. This represents a 41.7% illness sequentially from the $60 cardinal recorded successful Q4 2025, driven by the winding down of mining operations astatine the Black Pearl site. The institution reported a GAAP nett nonaccomplishment of $114.3 million, $0.28 per diluted share, missing statement expert estimates of a $0.23–$0.24 nonaccomplishment per share. This is simply a terrible year-over-year widening from the $39 cardinal nett nonaccomplishment reported successful Q1 2025. Operating momentum remains profoundly negative, with the institution posting an Adjusted EBITDA of antagonistic $48 cardinal for the quarter.

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