[Cipher Digital Reports $114 Million Loss in Q1, Accelerates Transition to AI Data Center Business] According to Golden Finance, on May 5, Bitcoin mining company Cipher Digital disclosed a net loss of $114 million for the first quarter of 2026, a significant increase compared to the $39 million loss in the same period last year. The financial report shows that the company's Bitcoin mining revenue for the quarter dropped to $35 million, down year-over-year (from $49 million in the same period last year). Meanwhile, its Bitcoin holdings also decreased from $125 million to $76 million. Despite the financial pressure, CEO Tyler Page emphasized that the company is accelerating its transition to AI and high-performance computing infrastructure. During the first quarter, the company signed a lease agreement for a third AI data center campus, with the client being an investment-grade hyperscale cloud provider.