Cipher Mining vs NEXTDC
Both are primarily Data Center Operators (Colo) companies. Cipher Mining is larger by market cap ($6.9B vs $6.1B). NEXTDC reports higher tracked revenue ($352M vs $224M).
Shared segment: AI & Data Center.
Side-by-side
| Cipher Mining | NEXTDC | |
|---|---|---|
| Market cap | $6.9B | $6.1B |
| Revenue | $224M (FY2025) | $352M (FY2026) |
| Primary segment | Data Center Operators (Colo) | Data Center Operators (Colo) |
| Market position | niche | major |
| Country | United States | Australia |
| Tracked suppliers | 4 | 4 |
| Tracked customers | 5 | 5 |
| Chokepoint / criticality | 6/100 | 8/100 |
Market caps/revenue from the wafergraph dataset · data as of 2026-09-16. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How Cipher Mining and NEXTDC compare
- Size: Cipher Mining is the larger company by market cap.
- Revenue: NEXTDC reports higher tracked revenue.
- Supply-chain criticality: NEXTDC has the higher chokepoint score (8/100 vs 6/100).
- Footprint: Cipher Mining (United States) vs NEXTDC (Australia).
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Cite as: wafergraph, “Cipher Mining vs NEXTDC”, https://wafergraph.com/compare/cipher_mining-vs-nextdc (data as of 2026-09-16).