• Cipher Digital average ebitda margin for 2020-09-30 was 0%, a 0% decline from 2020-12-31.
• Cipher Digital average ebitda margin for 2020-12-31 was 0%, a 0% decline from 2021-03-31.
• Cipher Digital average ebitda margin for 2021-03-31 was 0%, a 0% decline from 2021-06-30.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.