Strategy vs Cipher Mining: Revenue Comparison
Strategy (MSTR) and Cipher Mining (CIFR) are peers in Crypto. Strategy reported revenue of $124M as of Q1 2026, compared with $35M for Cipher Mining. Strategy leads on revenue.
Strategy's gross margin is 67.1% versus -105.9% for Cipher Mining. Strategy's net margin is -10090.6% versus -328.1% for Cipher Mining.
Revenue Comparison
Chart: Revenue Comparison. Values in USD_BILLIONS. In Q1 2026: Strategy 0.124, Cipher Mining 0.035.
Latest Quarter Comparison
Table: Latest Quarter Comparison. 15 rows across Metric, Strategy, Cipher Mining.| Metric | Strategy | Cipher Mining |
|---|---|---|
| Market Cap | - | - |
| Revenue | $124.00M | $35.00M |
| Cost of Revenue | $41.00M | $72.00M |
| Gross Profit | $83.00M | $-37.00M |
| Operating Income | $-15.00M | $-49.00M |
| Net Income | $-12.54B | $-114.00M |
| R&D Expense | $25.00M | $0 |
| Earnings Per Share | -$38.25 | -$0.28 |
| Gross Margin | 67.1% | -105.9% |
| Operating Margin | -12.0% | -139.6% |
| Net Profit Margin | -10090.6% | -328.1% |
| Free Cash Flow | $13.00M | $-285.00M |
| Cumulative Free Cash Flow | $-30.27B | $-1.50B |
| Operating Cash Flow | $14.00M | $-54.00M |
| Cash & Equivalents | $2.21B | $3.73B |