Cipher Mining Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
CIFR$6.53-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except for share and per share amounts)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $5,585 | $86,105 |
| Accounts receivable | 596 | 622 |
| Receivables, related party | 2,090 | 245 |
| Prepaid expenses and other current assets | 3,387 | 3,670 |
| Bitcoin | 92,651 | 32,978 |
| Receivable for bitcoin collateral | 32,248 | - |
| Derivative asset | 31,648 | 31,878 |
| Total current assets | 168,205 | 155,498 |
| Restricted cash | 14,392 | - |
| Property and equipment, net | 480,865 | 243,815 |
| Deposits on equipment | 38,872 | 30,812 |
| Intangible assets, net | 8,881 | 8,109 |
| Investment in equity investees | 53,908 | 35,258 |
| Derivative asset | 54,022 | 61,713 |
| Operating lease right-of-use asset | 12,561 | 7,077 |
| Security deposits | 19,782 | 23,855 |
| Other noncurrent assets | 3,958 | - |
| Total assets | $855,446 | $566,137 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $22,699 | $4,980 |
| Accounts payable, related party | - | 1,554 |
| Accrued expenses and other current liabilities | 69,824 | 22,439 |
| Finance lease liability, current portion | 3,798 | 3,404 |
| Operating lease liability, current portion | 3,127 | 1,166 |
| Short-term borrowings | 32,330 | - |
| Warrant liability | - | 250 |
| Total current liabilities | 131,778 | 33,793 |
| Asset retirement obligations | 20,282 | 18,394 |
| Finance lease liability | 7,331 | 11,128 |
| Operating lease liability | 9,833 | 6,280 |
| Deferred tax liability | 4,269 | 5,206 |
| Total liabilities | 173,493 | 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 December 31, 2024, and December 31, 2023 | - | - |
| Common stock, $0.001 par value, 500,000,000 shares authorized, 361,432,449 and 296,276,536 shares issued as of December 31, 2024 and December 31, 2023, respectively, and 350,783,817 and 290,957,862 shares outstanding as of December 31, 2024, and December 31, 2023, respectively | 361 | 296 |
| Additional paid-in capital | 863,015 | 627,822 |
| Accumulated deficit | (181,412) | (136,777) |
| Treasury stock, at par, 10,648,632 and 5,318,674 shares at December 31, 2024 and December 31, 2023, respectively | (11) | (5) |
| Total stockholders’ equity | 681,953 | 491,336 |
| Total liabilities and stockholders’ equity | $855,446 | $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.