Cipher Mining Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
CIFR$6.53-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except for share and per share amounts)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $25,342 | $86,105 |
| Accounts receivable | 226 | 622 |
| Receivables, related party | 59 | 245 |
| Prepaid expenses and other current assets | 3,488 | 3,670 |
| Bitcoin | 95,459 | 32,978 |
| Derivative asset | 27,185 | 31,878 |
| Total current assets | 151,759 | 155,498 |
| Restricted cash | 14,392 | - |
| Property and equipment, net | 310,699 | 243,815 |
| Deposits on equipment | 144,573 | 30,812 |
| Intangible assets, net | 25,742 | 8,109 |
| Investment in equity investees | 54,973 | 35,258 |
| Derivative asset | 47,225 | 61,713 |
| Operating lease right-of-use asset | 10,564 | 7,077 |
| Security deposits | 15,301 | 23,855 |
| Other noncurrent assets | 210 | - |
| Total assets | $775,438 | $566,137 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $13,154 | $4,980 |
| Accounts payable, related party | - | 1,554 |
| Accrued expenses and other current liabilities | 40,764 | 22,439 |
| Finance lease liability, current portion | 3,695 | 3,404 |
| Operating lease liability, current portion | 1,479 | 1,166 |
| Warrant liability | - | 250 |
| Total current liabilities | 59,092 | 33,793 |
| Asset retirement obligation | 19,810 | 18,394 |
| Finance lease liability | 8,319 | 11,128 |
| Operating lease liability | 9,662 | 6,280 |
| Deferred tax liability | 6,564 | 5,206 |
| Total liabilities | 103,447 | 74,801 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of September 30, 2024, and December 31, 2023 | - | - |
| Common stock, $0.001 par value, 500,000,000 shares authorized, 355,771,238 and 296,276,536 shares issued as of September 30, 2024 and December 31, 2023, respectively, and 347,800,186 and 290,957,862 shares outstanding as of September 30, 2024, and December 31, 2023, respectively | 356 | 296 |
| Additional paid-in capital | 870,565 | 627,822 |
| Accumulated deficit | (198,922) | (136,777) |
| Treasury stock, at par, 7,971,052 and 5,318,674 shares at September 30, 2024 and December 31, 2023, respectively | (8) | (5) |
| Total stockholders’ equity | 671,991 | 491,336 |
| Total liabilities and stockholders’ equity | $775,438 | $566,137 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.