Company research
Cipher Digital Inc.
CIK 1819989Updated Sep 24, 2026
SecurityCIFR · NASDAQ · equity
Name history
Cipher Mining Inc. · through Feb 23, 2026GOOD WORKS ACQUISITION CORP. · through Aug 25, 2021
CIFR price & chart
Loading TradingView…
NASDAQ:CIFR on TradingView ↗About the company
Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies.
In the news
Cipher Digital Announces Participation in Upcoming Investor and Industry Conferences ↗
Canaan Inc. Provides March 2026 Bitcoin Production and Mining Operation Updates ↗
Canaan Inc. Provides February 2026 Bitcoin Production and Mining Operation Updates ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
144 filing
144 filing
4 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,291,908,000Source | 855,446,000Source | 566,137,000Source | 418,463,000Source |
| Property, Plant and Equipment, NetUSD | — | — | 243,815,000Source | 191,784,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 77,388,000Source | 8,881,000Source | 8,109,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 628,263,000Source | 5,585,000Source | 86,105,000Source | 11,927,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | 98,000Source |
| Assets, CurrentUSD | 2,652,859,000Source | 168,205,000Source | 155,498,000Source | 47,735,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 7,977,000Source | 3,387,000Source | 3,670,000Source | 7,254,000Source |
| Operating Lease, Right-of-Use AssetUSD | 11,321,000Source | 12,561,000Source | 7,077,000Source | 5,087,000Source |
| Other Assets, NoncurrentUSD | 561,995,000Source | 3,958,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,456,054,000Source | 173,493,000Source | 74,801,000Source | 75,571,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | — |
| Common Stock, Value, IssuedUSD | 412,000Source | 361,000Source | 296,000Source | 251,000Source |
| Additional Paid in CapitalUSD | 1,808,786,000Source | — | — | — |
| Retained Earnings (Accumulated Deficit)USD | -1,003,656,000Source | -181,412,000Source | -136,777,000Source | -111,209,000Source |
| Stockholders' Equity Attributable to ParentUSD | 805,535,000Source | 681,953,000Source | 491,336,000Source | 342,892,000Source |
| Additional Paid in Capital, Common StockUSD | — | 863,015,000Source | 627,822,000Source | 453,854,000Source |
| Liabilities and EquityUSD | 4,291,908,000Source | 855,446,000Source | 566,137,000Source | 418,463,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 699,071,000Source | 131,778,000Source | 33,793,000Source | 40,326,000Source |
| Operating Lease, Liability, CurrentUSD | 1,731,000Source | 3,127,000Source | 1,166,000Source | 1,030,000Source |
| Accounts Payable, CurrentUSD | 40,064,000Source | — | — | 14,286,000Source |
| Operating Lease, Liability, NoncurrentUSD | 8,545,000Source | 9,833,000Source | 6,280,000Source | 4,494,000Source |
| Deferred Income Tax Liabilities, NetUSD | 0Source | 4,269,000Source | 5,206,000Source | 1,840,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 90,086,000Source | 69,824,000Source | 22,439,000Source | 19,353,000Source |
| Deferred Tax Liabilities, NetUSD | 0Source | 4,269,000Source | 5,206,000Source | 1,840,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,711,648,000Source | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 37,793,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,711,648,000Source | — | — | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 30,319,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -822,244,000Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 198,973,000Source | 102,448,000Source | 59,093,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 52,787,000Source | 42,132,000Source | 38,470,000Source | 41,504,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | -26,000Source | 524,000Source | 98,000Source |
| Deferred Income Tax Expense (Benefit)USD | -4,269,000Source | -937,000Source | 3,366,000Source | 1,840,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -207,938,000Source | -87,511,000Source | -94,241,000Source | -20,915,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -336,611,000Source | -192,129,000Source | 52,755,000Source | -173,909,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 487,921,000Source | 139,495,000Source | 20,480,000Source | 39,815,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 89,585,000Source | 27,641,000Source | 3,902,000Source | 3,090,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 3,189,203,000Source | 213,512,000Source | 115,664,000Source | -3,090,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,644,654,000Source | -66,128,000Source | 74,178,000Source | -197,914,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 19,977,000Source | 86,105,000Source | 11,927,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,451,000Source | — | — | — |
| Income Taxes Paid, NetUSD | 555,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance Costs and DiscountsUSD | 17,932,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | 600,000Source | 650,000Source | 121,000Source | — |
| Asset Retirement Obligation, Accretion ExpenseUSD | 2,671,000Source | 1,888,000Source | 1,712,000Source | 173,000Source |
| DepreciationUSD | 199,000,000Source | 101,798,000Source | 58,972,000Source | 4,378,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -450,440,000Source | — | — | — |
| Gain (Loss) on Disposition of AssetsUSD | -31,427,000Source | -290,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -29,400,000Source | — | — | — |
| General and Administrative ExpenseUSD | 36,382,000Source | 32,655,000Source | 85,195,000Source | 70,836,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -20,822,000Source | -384,000Source | -2,530,000Source | -36,972,000Source |
| Income Tax Expense (Benefit)USD | -3,313,000Source | 318,000Source | 3,567,000Source | 1,840,000Source |
| InterestExpenseNonoperatingUSD | 36,559,000Source | 1,708,000Source | — | — |
| Investment Income, InterestUSD | 19,479,000Source | 3,384,000Source | 164,000Source | 215,000Source |
| Net Income (Loss) Attributable to ParentUSD | -822,244,000Source | -44,635,000Source | -25,777,000Source | -39,053,000Source |
| Other Nonoperating Income (Expense)USD | -406,204,000Source | -2,544,000Source | -17,000Source | — |
| Proceeds from Issuance of Common StockUSD | 195,473,000Source | 225,181,000Source | 135,848,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 223,942,000Source | 151,270,000Source | 126,842,000Source | 3,037,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -421,563,000Source | -43,699,000Source | -20,115,000Source | -37,421,000Source |
| Other Nonoperating Income (Expense)USD | -406,204,000Source | -2,544,000Source | -17,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -825,557,000Source | -44,317,000Source | -22,210,000Source | -37,213,000Source |
| Income Tax Expense (Benefit)USD | -3,313,000Source | 318,000Source | 3,567,000Source | 1,840,000Source |
| Net Income (Loss) Attributable to ParentUSD | -822,244,000Source | -44,635,000Source | -25,777,000Source | -39,053,000Source |
| Earnings Per Share, BasicUSD per share | -2.15Source | -0.14Source | -0.1Source | -0.16Source |
| Earnings Per Share, DilutedUSD per share | -2.15Source | -0.14Source | -0.1Source | -0.16Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 381,602,904Source | 323,103,303Source | 252,439,461Source | 248,227,458Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 381,602,904Source | 323,103,303Source | 252,439,461Source | 248,227,458Source |
| Interest Expense (non-operating)USD | 36,559,000Source | 1,708,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 600,000Source | 650,000Source | 121,000Source | — |
| Current Income Tax Expense (Benefit)USD | 956,000Source | 1,255,000Source | 201,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 198,973,000Source | 102,448,000Source | 59,093,000Source | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -450,440,000Source | — | — | — |
| General and Administrative ExpenseUSD | 36,382,000Source | 32,655,000Source | 85,195,000Source | 70,836,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -20,822,000Source | -384,000Source | -2,530,000Source | -36,972,000Source |
| Interest ExpenseUSD | — | — | 1,999,000Source | 137,000Source |
| Investment Income, InterestUSD | 19,479,000Source | 3,384,000Source | 164,000Source | 215,000Source |
Filing attachments
d52925dex41.htm · 8-K · 2025-10-01
EX-4.1 2 d52925dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 CIPHER MINING INC. U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION as Trustee INDENTURE Dated as of September 30, 2025 0.00% Convertible Senior Notes due 2031 TABLE OF CONTENTS Page Article 1. Definitions; Rules of Constru…
Read attachment ↗d52925dex42.htm · 8-K · 2025-10-01
EX-4.2 3 d52925dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 THIS IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS THE OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION …
Read attachment ↗d936051dex991.htm · 8-K · 2025-09-26
EX-99.1 2 d936051dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Cipher Mining Announces Pricing of Upsized Private Offering of $1.1 Billion of 0.00% Convertible Senior Notes NEW YORK - September 25, 2025 - Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”), a leading developer and operator of industrial-scale data centers, today announced the pricing of its offering of $1.1 billion aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offeri…
Read attachment ↗d939411dex991.htm · 8-K · 2025-09-25
EX-99.1 2 d939411dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Cipher Mining Announces Proposed Private Offering of $800 Million of 0.00% Convertible Senior Notes NEW YORK - September 25, 2025 - Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”), a leading developer and operator of industrial-scale data centers, today announced its intention to offer, subject to market and other conditions, $800 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”…
Read attachment ↗d86394dex41.htm · 8-K · 2025-05-22
EX-4.1 4 d86394dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 Execution Version CIPHER MINING INC. INDENTURE Dated as of May 22, 2025 U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Trustee TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.1. Definitions 1 …
Read attachment ↗d86394dex42.htm · 8-K · 2025-05-22
EX-4.2 5 d86394dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 CIPHER MINING INC. and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION as Trustee FIRST SUPPLEMENTAL INDENTURE Dated as of May 22, 2025 1.75% Convertible Senior Notes due 2030 CROSS REFERENCE TABLE* Trust Indenture Indenture Section Act Section 310(a)(1) 10.09 (a)(2) 10.09 (a)(3) N/A (a)(4) …
Read attachment ↗