Cipher Digital Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $628,263 | $5,585 |
| Restricted cash, current | 1,761,292 | - |
| Accounts receivable | 687 | 596 |
| Receivables, related party | 271 | 2,090 |
| Prepaid expenses and other current assets | 7,977 | 3,387 |
| Bitcoin | 125,400 | 92,651 |
| Receivable for bitcoin collateral | - | 32,248 |
| Miners held for sale | 94,879 | - |
| Derivative asset | 34,090 | 31,648 |
| Total current assets | 2,652,859 | 168,205 |
| Restricted cash, noncurrent | 275,076 | 14,392 |
| Property and equipment, net | 622,455 | 480,865 |
| Deposits on equipment | 10,962 | 38,872 |
| Intangible assets, net | 77,388 | 8,881 |
| Investment in equity investees | 29,400 | 53,908 |
| Derivative asset | 22,720 | 54,022 |
| Operating lease right-of-use asset | 11,321 | 12,561 |
| Security deposits | 27,732 | 19,782 |
| Other noncurrent assets | 561,995 | 3,958 |
| Total assets | $4,291,908 | $855,446 |
| LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $40,064 | $22,699 |
| Accrued expenses and other current liabilities | 90,086 | 69,824 |
| Finance lease liability, current portion | 4,237 | 3,798 |
| Operating lease liability, current portion | 1,731 | 3,127 |
| Warrant liability | 525,160 | - |
| Short-term borrowings | 37,793 | 32,330 |
| Total current liabilities | 699,071 | 131,778 |
| Long-term borrowings, net | 2,711,648 | - |
| Asset retirement obligations | 33,696 | 20,282 |
| Finance lease liability | 3,094 | 7,331 |
| Operating lease liability | 8,545 | 9,833 |
| Deferred tax liability | - | 4,269 |
| Total liabilities | 3,456,054 | 173,493 |
| Commitments and contingencies (Note 14) | ||
| Redeemable noncontrolling interest | 30,319 | - |
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of December 31, 2025, and December 31, 2024 | - | - |
| Common stock, $0.001 par value, 1,000,000,000 and 500,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively, 412,074,529 and 361,432,449 shares issued as of December 31, 2025 and December 31, 2024, respectively, and 404,963,061 and 350,783,817 shares outstanding as of December 31, 2025, and December 31, 2024, respectively | 412 | 361 |
| Additional paid-in capital | 1,808,786 | 863,015 |
| Accumulated deficit | (1,003,656) | (181,412) |
| Treasury stock, at par, 7,111,468 and 10,648,632 shares at December 31, 2025 and December 31, 2024, respectively | (7) | (11) |
|---|---|---|
| Total stockholders’ equity | 805,535 | 681,953 |
| Total liabilities, redeemable noncontrolling interest, and stockholders’ equity | $4,291,908 | $855,446 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.