SEC filings · customer concentration · CIFR

Cipher Digital's major customers

Foundry USA Pool accounted for 70% of Cipher Digital's revenue in FY 2025.

1major customers now
70%of revenue from them
0listed suppliers depending on it
2022–2026years covered
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Major customers of Cipher Digital

Customers that Cipher Digital named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Foundry USA Pool70%newFY 2025: 70%1 yearFY 2025 · filed 24 Feb 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Foundry100%last FY 2023FY 2022: 100%FY 2023: 100%2 yearsFY 2023 · filed 5 Mar 2024
Foundry USA Pool And Luxor Technology100%last FY 2024FY 2024: 100%1 yearFY 2024 · filed 25 Feb 2025

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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