Cipher Mining Inc

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

About this filing

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 exhibits

Contents

Consolidated Statements of Operations

(in thousands, except for share and per share amounts)

	Year Ended December 31,
	2024	2023
Revenue - bitcoin mining	$151,270	$126,842
Costs and operating (expenses) income
Cost of revenue	(62,364)	(50,309)
Compensation and benefits	(60,796)	(57,399)
General and administrative	(32,655)	(27,796)
Depreciation and amortization	(102,448)	(59,093)
Change in fair value of derivative asset	(7,921)	26,836
Power sales	5,405	9,941
Equity in losses of equity investees	(384)	(2,530)
Unrealized gains on fair value of bitcoin	11,313	3,299
Realized gains on sale of bitcoin	51,548	7,739
Other gains	3,333	2,355
Total costs and operating expenses	(194,969)	(146,957)
Operating loss	(43,699)	(20,115)
Other income (expense)
Interest income	3,384	164
Interest expense	(1,708)	(1,999)
Change in fair value of warrant liability	250	(243)
Other expense	(2,544)	(17)
Total other income (expense)	(618)	(2,095)
Loss before taxes	(44,317)	(22,210)
Current income tax expense	(1,255)	(201)
Deferred income tax benefit (expense)	937	(3,366)
Total income tax benefit (expense)	(318)	(3,567)
Net loss	$(44,635)	$(25,777)
Loss per share - basic and diluted	$(0.14)	$(0.10)
Weighted average shares outstanding - basic and diluted	323,103,303	252,439,461

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.