Cipher Digital Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
View on SEC.govAbout 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.
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 Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue - bitcoin mining | $223,942 | $151,270 | $126,842 |
| Costs and operating (expenses) income | |||
| Cost of revenue | (81,216) | (62,364) | (50,309) |
| Compensation and benefits | (79,129) | (60,796) | (57,399) |
| General and administrative | (36,382) | (32,655) | (27,796) |
| Depreciation and amortization | (198,973) | (102,448) | (59,093) |
| Change in fair value of power purchase agreement | (28,860) | (7,921) | 26,836 |
| Power sales | 7,870 | 5,405 | 9,941 |
| Equity in losses of equity investees | (20,822) | (384) | (2,530) |
| Unrealized (losses) gains on fair value of bitcoin | (41,603) | 11,313 | 3,299 |
| Realized gains on sale of bitcoin | 7,126 | 51,548 | 7,739 |
| Other operating (losses) gains | (173,516) | 3,333 | 2,355 |
| Total costs and operating expenses | (645,505) | (194,969) | (146,957) |
| Operating loss | (421,563) | (43,699) | (20,115) |
| Other income (expense) | |||
| Interest income | 19,479 | 3,384 | 164 |
| Interest expense | (36,559) | (1,708) | (1,999) |
| Change in fair value of warrant liability | 19,290 | 250 | (243) |
| Other expense | (406,204) | (2,544) | (17) |
| Total other expense | (403,994) | (618) | (2,095) |
| Loss before taxes | (825,557) | (44,317) | (22,210) |
| Current income tax expense | (956) | (1,255) | (201) |
| Deferred income tax benefit (expense) | 4,269 | 937 | (3,366) |
| Total income tax benefit (expense) | 3,313 | (318) | (3,567) |
| Net loss | (822,244) | (44,635) | (25,777) |
| Less: Net loss attributable to redeemable noncontrolling interest | - | - | - |
| Net loss available for common stockholders | $(822,244) | $(44,635) | $(25,777) |
| Loss per share - basic and diluted | $(2.15) | $(0.14) | $(0.10) |
| Weighted average shares outstanding - basic and diluted | 381,602,904 | 323,103,303 | 252,439,461 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.