Cipher Digital Inc. (CIFR)
Cipher Mining Inc. is a United States-based technology enterprise actively engaged in the Bitcoin mining sector. Its primary objective involves the development and expansion of cryptocurrency mining operations, specifically tailored for Bitcoin. Established in 2021, the company maintains its headquarters in New York, New York.
Sector: Finance Services
Industry: Information Technology Services
Cipher Mining Inc.
NASDAQ:CIFRTechnology · Information Technology Services
-4.57%$7.94
AH Close$7.93-0.15%vs close
AH Close$7.93-0.15%vs close
Mkt Cap$3.3B
Float273.29M
O/S415.03M
Inst Own90.0%
SI27.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$223.94M
Net Income-$822.24M
Total Assets$4.29B
Free Cash Flow-$695.86M
Debt & Equity
Debt 77%
Equity 23%
Total Debt$2.77B
Total Equity$805.53M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CIFR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.29B
Liabilities$3.46B
Accounts Receivable$958K
Accounts Payable$40.06M
Inventory$125.4M
PP&E (Net)$622.46M
Goodwill$0
Intangible Assets$77.39M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $223.94M | $151.27M | $126.84M | $3.04M | $0 | $0 |
| YoY Growth | 48.0% | 19.3% | 4076.6% | - | - | - |
| Cost of Revenue | $160.34M | $123.16M | $50.31M | $748K | $5K | $0 |
| Gross Profit | $63.6M | $28.11M | $76.53M | $2.29M | -$5K | $0 |
| Gross Margin | 28.4% | 18.6% | 60.3% | 75.4% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $36.38M | $32.66M | $85.19M | $70.84M | $72.15M | $154K |
| Other | $364.62M | $39.15M | $11.45M | -$31.13M | $0 | $0 |
| Total Operating Expenses | $401M | $71.81M | $96.65M | $39.71M | $72.15M | $154K |
| Operating Income (EBIT) | -$337.4M | -$43.7M | -$20.11M | -$37.42M | -$72.15M | -$154K |
| Operating Margin | -150.7% | -28.9% | -15.9% | -1232.2% | - | - |
| Interest Expense | $36.56M | $1.71M | $2M | $137K | $27K | $0 |
| Interest Income | $19.48M | $3.38M | $164K | $215K | $4K | $27K |
| Other Income (Expense) | -$488.15M | -$618K | -$2.1M | $208K | -$753 | $1.27M |
| Income Before Tax (EBT) | -$825.56M | -$44.32M | -$22.21M | -$37.21M | -$72.15M | $1.11M |
| Income Tax Expense | -$3.31M | $318K | $3.57M | $1.84M | $0 | $0 |
| Net Income | -$822.24M | -$44.63M | -$25.78M | -$39.05M | -$72.15M | $1.11M |
| Net Income Margin | -367.2% | -29.5% | -20.3% | -1285.9% | - | - |
| Supplementary Data | ||||||
| EPS | -2.15 | -0.14 | -0.10 | -0.16 | -0.33 | 0.01 |
| Diluted EPS | -2.15 | -0.14 | -0.10 | -0.16 | -0.33 | 0.01 |
| Weighted Average OS | 381.60M | 323.10M | 252.44M | 248.23M | 218.03M | 214.78M |
| EBITDA | -$588.38M | $61.09M | $39.7M | -$31.93M | -$72.15M | $1.11M |
| EBITDA Margin | -262.7% | 40.4% | 31.3% | -1051.2% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $628.26M | $5.58M | $86.11M | $11.93M | $209.84M | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $628.26M | $5.58M | $86.11M | $11.93M | $209.84M | $0 |
| Accounts Receivable | $958K | $34.93M | $867K | $1.2M | $0 | $0 |
| Inventory | $125.4M | $92.65M | $32.98M | $6.28M | $0 | $0 |
| Other Current Assets | $1.89B | $35.03M | $35.55M | $21.07M | $0 | $0 |
| Total Current Assets | $2.65B | $168.21M | $155.5M | $47.73M | $223.66M | $0 |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $622.46M | $532.3M | $250.89M | $269.29M | $119.98M | $2K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $77.39M | $8.88M | $8.11M | $596K | $0 | $0 |
| Long-Term Investments | $327.2M | $53.91M | $35.26M | $37.48M | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $248.96M | $92.15M | $116.38M | $63.36M | $10.53M | $171K |
| Total Long-Term Assets | $1.28B | $687.24M | $410.64M | $370.73M | $130.51M | $173K |
| Other Assets | $363.05M | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.29B | $855.45M | $566.14M | $418.46M | $354.17M | $173K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $40.06M | $22.7M | $4.98M | $17.37M | $242K | $2K |
| Short-Term Debt | $37.79M | $32.3M | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $14.61M | $15.18M | $18.8M | $0 | $0 |
| Current Unearned Revenue | $35.29M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $489.87M | $9.61M | $6.37M | $7K | $4K | $0 |
| Total Current Liabilities | $699.07M | $131.78M | $33.79M | $40.33M | $499K | $177K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $2.71B | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $4.27M | $5.21M | $1.84M | $0 | $0 |
| Other Long-Term Liabilities | $33.7M | $20.28M | $18.39M | $16.68M | $137K | $0 |
| Total Long-Term Liabilities | $2.76B | $41.72M | $41.01M | $35.24M | $137K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.46B | $173.49M | $74.8M | $75.57M | $636K | $177K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $412K | $361K | $296K | $251K | $252K | $200K |
| Retained Earnings | -$1B | -$181.41M | -$136.78M | -$111.21M | -$72.16M | -$3K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.81B | $863M | $627.82M | $453.85M | $425.44M | -$200K |
| Total Equity | $805.53M | $681.95M | $491.34M | $342.89M | $353.53M | -$3K |
| Minority Interest | $30.32M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.26B | $855.45M | $566.14M | $418.46M | $354.17M | $173K |
| Supplementary Data | ||||||
| Total Debt | $2.77B | $56.39M | $21.98M | $20.66M | $0 | $0 |
| Net Debt | $2.14B | $50.8M | -$64.13M | $8.73M | -$209.84M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$822.24M | -$44.63M | -$25.78M | -$39.05M | -$72.15M | $1.11M |
| Depreciation & Amortization | $200.62M | $103.7M | $59.91M | $5.15M | $5K | $0 |
| Deferred Income Tax | -$4.27M | -$937K | $3.37M | $1.84M | $0 | $0 |
| Stock-Based Compensation | $52.79M | $42.13M | $38.47M | $41.5M | $63.77M | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $0 | -$1.82M | -$1.73M | -$1.2M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $8M | -$10.84M | $2.42M | $222K | $0 |
| Other Working Capital | -$68.05M | $12.16M | $1.83M | -$400K | -$23.71M | -$168K |
| Total Working Capital Change | -$68.05M | $18.34M | -$10.73M | $822K | -$23.48M | -$168K |
| Other Non-Cash Items | $433.21M | -$206.11M | -$159.48M | -$31.18M | $200K | -$1.27M |
| Net Cash from Operating | -$207.94M | -$87.51M | -$94.24M | -$20.91M | -$31.67M | -$322K |
| Investing Activities | ||||||
| Capital Expenditures | -$487.92M | -$302.45M | -$54.39M | -$227.32M | -$119.97M | $0 |
| Acquisitions | $0 | $0 | -$3.54M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | -$170M |
| Sales of Investments | $0 | $0 | $111.19M | $0 | $0 | $0 |
| Other Investing Activities | $151.31M | $110.32M | -$502K | $53.41M | -$174K | $0 |
| Net Cash from Investing | -$336.61M | -$192.13M | $52.76M | -$173.91M | -$120.14M | -$170M |
| Financing Activities | ||||||
| Debt Repaid | $29.83M | $5.54M | $12.88M | - | - | - |
| Common Stock Issuance | $162.79M | $225.18M | $135.85M | $0 | $5 | $171.6M |
| Common Stock Repurchases | -$89.58M | -$27.64M | -$3.9M | -$3.09M | -$23.25M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$3.49M | -$3.4M | $0 | $384.89M | $0 |
| Net Cash from Financing | $3.19B | $213.51M | $115.66M | -$3.09M | $361.65M | $171.6M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $2.64B | -$66.13M | $74.18M | -$197.91M | $209.84M | $1.28M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$207.94M | -$87.51M | -$94.24M | -$20.91M | -$31.67M | -$322K |
| Capital Expenditure | -$487.92M | -$139.5M | -$55.02M | -$227.92M | -$119.97M | $0 |
| Free Cash Flow | -$695.86M | -$227.01M | -$149.26M | -$248.83M | -$151.63M | -$322K |
| Cash at Beginning | $19.98M | $86.11M | $11.93M | $209.84M | $0 | $0 |
| Cash at End | $2.66B | $19.98M | $86.11M | $11.93M | $209.84M | $1.28M |