Applied Digital (APLD) vs Cipher Digital (CIFR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Applied Digital (APLD) has outperformed Cipher Digital (CIFR) over the past year, losing 12.8% versus a loss of 23.3%. Applied Digital is the larger company by market cap ($7.14 billion vs $5.60 billion), about 1.3 times the size. Applied Digital converts more of its revenue into profit, with a net margin of -30.2% versus -367.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | APLD | CIFR |
|---|---|---|
| Share price | $23.85 | $13.50 |
| Market cap | $7.14B | $5.60B |
| 1-day change | +0.17% | -7.28% |
| YTD return | -2.90% | -8.54% |
| 1-year return | -12.78% | -23.30% |
| 5-year return | — | +93.13% |
| Forward P/E | — | 102.42 |
| EPS (TTM) | $-0.91 | $-2.87 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $611.31M | $223.94M |
| Revenue growth (YoY) | +167.45% | +48.04% |
| Net income (latest FY) | $-184.34M | $-822.24M |
| Gross margin | 35.08% | 63.73% |
| Operating margin | -38.68% | -188.25% |
| Net margin | -30.15% | -367.17% |
| 52-week high | $50.73 | $30.14 |
| 52-week low | $19.01 | $11.72 |
| Distance from 52-week high | -52.98% | -55.21% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +174.09% | +125.78% |
| Average volume | 18.77M | 33.39M |
| Shares outstanding | 299.17M | 415.03M |
| Employees | 256 | 66 |
| Sector | Technology | Technology |
| Industry | EDP Services | Information Technology Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- APLD has outperformed CIFR by 10.5 percentage points over the past year.
- Applied Digital is more profitable, keeping -30.2 cents of every revenue dollar as net income versus -367.2 cents for Cipher Digital.
- Applied Digital grew revenue faster in its latest fiscal year (+167.45% vs +48.04%).
About Applied Digital
APLD stock →Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting, and HPC Hosting Business.
Technology · EDP Services · 256 employees
About Cipher Digital
CIFR stock →Cipher Digital Inc., together with its subsidiaries, develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States. It develops HPC data center facilities across various sites for hyperscaler tenants; operates power at one bitcoin mining data center; and maintains a pipeline across various sites.
Technology · Information Technology Services · 66 employees
APLD vs CIFR FAQ
Which is bigger, Applied Digital or Cipher Digital?
Applied Digital (APLD) is larger, with a market capitalization of $7.14B compared with $5.60B for Cipher Digital (CIFR).
Which stock has performed better over the past year, APLD or CIFR?
APLD returned -12.78% over the past 12 months, compared with -23.30% for CIFR (price return, excluding dividends). Past performance does not predict future results.
Are Applied Digital and Cipher Digital in the same industry?
Both are in the Technology sector, but in different industries: EDP Services for Applied Digital and Information Technology Services for Cipher Digital.