Cipher Mining Provides Fourth Quarter and Full Year 2024 Business Update
Cipher Mining (NASDAQ: CIFR) released its fourth quarter and full year 2024 financial results, reporting Q4 net earnings of $18 million ($0.05 per diluted share) and adjusted earnings of $51 million ($0.14 per diluted share).
The company successfully upgraded its Odessa fleet, increasing total self-mining hashrate to approximately 13.5 EH/s. Cipher also completed the acquisition of the Stingray data center site in West Texas, featuring 100 MW of front-of-the-meter capacity, and acquired 337 additional acres adjacent to its Barber Lake site.
Furthermore, Cipher entered into 60-day exclusivity with Priority Power to negotiate building an additional 500 MW HPC data center adjacent to the Barber Lake site. The company has grown its pipeline to 2.8 GW of site capacity with optionality for both HPC or bitcoin mining data centers.
Construction of Phase I of Black Pearl, featuring 150 MW of capacity and expected to generate over ~9.5 EH/s, remains on track to energize in the second quarter of this year.
Cipher Mining (NASDAQ: CIFR) ha pubblicato i risultati finanziari del quarto trimestre e dell'intero anno 2024, riportando un utile netto di $18 milioni ($0.05 per azione diluita) e un utile rettificato di $51 milioni ($0.14 per azione diluita).
L'azienda ha aggiornato con successo la sua flotta di Odessa, aumentando il hashrate totale di auto-mining a circa 13.5 EH/s. Cipher ha anche completato l'acquisizione del sito del centro dati Stingray in Texas occidentale, dotato di 100 MW di capacità front-of-the-meter, e ha acquisito ulteriori 337 acri adiacenti al suo sito di Barber Lake.
Inoltre, Cipher ha stipulato un'esclusiva di 60 giorni con Priority Power per negoziare la costruzione di un ulteriore centro dati HPC da 500 MW adiacente al sito di Barber Lake. L'azienda ha ampliato il suo portafoglio a 2.8 GW di capacità del sito con opzioni sia per centri dati HPC che per mining di bitcoin.
La costruzione della Fase I di Black Pearl, che prevede una capacità di 150 MW e si prevede genererà oltre ~9.5 EH/s, è in linea per essere attivata nel secondo trimestre di quest'anno.
Cipher Mining (NASDAQ: CIFR) publicó sus resultados financieros del cuarto trimestre y del año completo 2024, reportando ganancias netas de $18 millones ($0.05 por acción diluida) y ganancias ajustadas de $51 millones ($0.14 por acción diluida).
La compañía actualizó con éxito su flota de Odessa, aumentando el hashrate total de auto-minería a aproximadamente 13.5 EH/s. Cipher también completó la adquisición del sitio del centro de datos Stingray en Texas Occidental, que cuenta con 100 MW de capacidad front-of-the-meter, y adquirió 337 acres adicionales adyacentes a su sitio de Barber Lake.
Además, Cipher entró en una exclusividad de 60 días con Priority Power para negociar la construcción de un centro de datos HPC adicional de 500 MW adyacente al sitio de Barber Lake. La compañía ha aumentado su cartera a 2.8 GW de capacidad del sitio con opciones tanto para centros de datos HPC como para minería de bitcoin.
La construcción de la Fase I de Black Pearl, que contará con una capacidad de 150 MW y se espera que genere más de ~9.5 EH/s, sigue en camino de energizarse en el segundo trimestre de este año.
사이퍼 마이닝 (NASDAQ: CIFR)은 2024년 4분기 및 전체 연도 재무 결과를 발표하며 4분기 순이익 1,800만 달러 ($0.05 주당 희석) 및 조정된 수익 5,100만 달러 ($0.14 주당 희석)을 보고했습니다.
회사는 오데사 플릿을 성공적으로 업그레이드하여 자체 채굴 해시레이트를 약 13.5 EH/s로 증가시켰습니다. 사이퍼는 또한 텍사스 서부에 있는 스팅레이 데이터 센터 부지를 인수하였으며, 이 부지는 100 MW의 전력 공급 용량을 갖추고 있으며, 바버 레이크 부지 인근에 337 에이커를 추가로 인수했습니다.
더욱이, 사이퍼는 바버 레이크 부지 인근에 500 MW HPC 데이터 센터를 추가로 건설하기 위해 Priority Power와 60일 독점 계약을 체결했습니다. 회사는 2.8 GW의 부지 용량으로 파이프라인을 확장하였으며, HPC 또는 비트코인 채굴 데이터 센터 모두에 대한 선택권이 있습니다.
150 MW의 용량을 갖춘 블랙 펄의 1단계 건설이 진행 중이며, 약 9.5 EH/s를 생성할 것으로 예상되며, 올해 2분기에 전력 공급을 시작할 예정입니다.
Cipher Mining (NASDAQ: CIFR) a publié ses résultats financiers du quatrième trimestre et de l'année complète 2024, rapportant un bénéfice net de 18 millions de dollars (0,05 $ par action diluée) et un bénéfice ajusté de 51 millions de dollars (0,14 $ par action diluée).
L'entreprise a réussi à mettre à niveau sa flotte d'Odessa, augmentant le taux de hachage total de l'auto-minage à environ 13,5 EH/s. Cipher a également finalisé l'acquisition du site du centre de données Stingray au Texas occidental, doté d'une capacité de 100 MW en front-of-the-meter, et a acquis 337 acres supplémentaires adjacents à son site de Barber Lake.
De plus, Cipher a conclu un accord d'exclusivité de 60 jours avec Priority Power pour négocier la construction d'un centre de données HPC supplémentaire de 500 MW adjacent au site de Barber Lake. L'entreprise a élargi son portefeuille à 2,8 GW de capacité de site avec des options pour des centres de données HPC ou de minage de bitcoin.
La construction de la phase I de Black Pearl, qui dispose d'une capacité de 150 MW et devrait générer plus de ~9,5 EH/s, est en bonne voie pour être mise en service au cours du deuxième trimestre de cette année.
Cipher Mining (NASDAQ: CIFR) veröffentlichte seine Finanzzahlen für das vierte Quartal und das gesamte Jahr 2024 und berichtete von einem Nettogewinn von 18 Millionen US-Dollar (0,05 US-Dollar pro verwässerter Aktie) sowie einem bereinigten Gewinn von 51 Millionen US-Dollar (0,14 US-Dollar pro verwässerter Aktie).
Das Unternehmen hat seine Odessa-Flotte erfolgreich aufgerüstet und die Gesamt-Hashrate für das Selbst-Mining auf etwa 13,5 EH/s erhöht. Cipher hat auch den Erwerb des Stingray-Datenzentrumstandorts in Westtexas abgeschlossen, der über 100 MW Front-of-the-Meter-Kapazität verfügt, und 337 zusätzliche Acres angrenzend an seinen Barber Lake-Standort erworben.
Darüber hinaus hat Cipher eine 60-tägige Exklusivität mit Priority Power vereinbart, um den Bau eines zusätzlichen 500 MW HPC-Datenzentrums angrenzend an den Barber Lake-Standort zu verhandeln. Das Unternehmen hat seine Pipeline auf 2,8 GW Standortkapazität mit Optionen sowohl für HPC- als auch für Bitcoin-Mining-Datenzentren erweitert.
Der Bau der Phase I von Black Pearl, die eine Kapazität von 150 MW aufweist und voraussichtlich über ~9,5 EH/s erzeugen wird, liegt im Zeitplan, um im zweiten Quartal dieses Jahres in Betrieb genommen zu werden.
- Q4 2024 net earnings of $18 million ($0.05 per diluted share)
- Q4 2024 adjusted earnings of $51 million ($0.14 per diluted share)
- Increased self-mining hashrate to ~13.5 EH/s after Odessa fleet upgrade
- Acquired Stingray data center with 100 MW capacity
- Acquired 337 additional acres adjacent to Barber Lake site
- Entered exclusivity for potential 500 MW HPC data center expansion
- Grew pipeline to 2.8 GW of site capacity
- Black Pearl Phase I (150 MW, ~9.5 EH/s) on track for Q2 energization
- None.
Insights
Cipher Mining's Q4 2024 results demonstrate strong execution against their strategic roadmap, with $18 million in net earnings ($0.05 per diluted share) and $51 million in adjusted earnings ($0.14 per diluted share). These figures reflect the company's operational efficiency despite navigating the post-halving environment that has challenged many Bitcoin miners.
The completion of the Odessa fleet upgrade, bringing total self-mining hashrate to ~13.5 EH/s, represents a significant competitive advantage. For context, this hashrate places Cipher among the top-tier North American Bitcoin miners and improves their cost structure through greater economies of scale. The timing of this capacity increase is particularly strategic following the April 2024 halving event, as miners with superior efficiency and scale are better positioned to maintain profitability despite reduced block rewards.
What's most notable is Cipher's strategic expansion beyond pure Bitcoin mining into broader high-performance computing (HPC) infrastructure. The acquisition of the Stingray data center with 100 MW front-of-the-meter capacity, combined with land acquisitions and negotiations for an additional 500 MW HPC data center, signals a significant diversification play. This dual-track strategy provides several advantages:
- Revenue diversification beyond Bitcoin price dependency
- Higher potential margins from HPC services compared to Bitcoin mining
- Flexibility to allocate power resources between mining and HPC based on market conditions
- Reduced exposure to Bitcoin's four-year halving cycle
The company's 2.8 GW development pipeline is particularly impressive when considering that most public Bitcoin miners operate with total capacity under 1 GW. This positions Cipher to potentially become one of the largest data center operators in the cryptocurrency space, with the flexibility to serve both crypto and traditional computing markets.
Phase I of Black Pearl remains on track for Q2 2025 energization, adding approximately ~9.5 EH/s of hashrate. This would bring their total to approximately 23 EH/s, potentially doubling their current Bitcoin production. The exercise of Bitmain S21 XP options demonstrates prudent capital allocation, securing next-generation equipment with superior efficiency metrics.
For investors, these developments represent a maturing business model that balances immediate Bitcoin production with longer-term infrastructure value creation. While this expansion strategy requires significant capital investment, it creates multiple potential value drivers beyond simple Bitcoin accumulation. The company is effectively positioning itself as an infrastructure play in the growing intersection between cryptocurrency and traditional high-performance computing – a potentially more sustainable and defensible business model than pure-play Bitcoin mining.
Fourth Quarter 2024 Net Earnings of
Completed upgrade of Odessa fleet, increasing total self-mining hashrate to ~13.5 EH/s
Completed acquisition of Stingray data center site, featuring 100 MW of front-of-the-meter capacity, all necessary regulatory approvals, and 250 acres of land adjacent to transmission assets
Completed acquisition of additional 337 acres of land adjacent to Barber Lake site and entered into 60-day exclusivity for negotiations to build an additional 500 MW HPC data center adjacent to the current site
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced its fourth quarter and full year 2024 financial results, with an update on its operations and business strategy.
“We had an extremely productive fourth quarter at Cipher, as we continued the on-time execution of our growth and expansion plans,” said Tyler Page, CEO. “We successfully upgraded our Odessa fleet, which grew our total self-mining hashrate to approximately 13.5 EH/s. We are also nearing the completion of Phase I of Black Pearl, which remains on track to energize in the second quarter of this year.”
In addition, Cipher closed on the acquisition of Stingray, a data center site in West Texas with 100 MW of front-of-the-meter capacity. The Company also acquired 337 additional acres of land adjacent to its Barber Lake site, as well as entered into 60 days of exclusivity with Priority Power to negotiate building an additional 500 MW HPC data center adjacent to the current site.
“With our 2.8 GW pipeline and proven track record of execution, we are confident in our vision of becoming a leading data center developer for HPC infrastructure while remaining best-in-class in bitcoin mining,” said Mr. Page.
Finance and Operations Highlights
- Completed upgrade of the Odessa fleet, increasing total self-mining hashrate to ~13.5 EH/s
- Completed acquisition of 100 MW Stingray data center site
- Completed acquisition of additional 337 acres adjacent to Barber Lake site
- Entered into exclusivity with Priority Power to negotiate building an additional 500 MW HPC data center adjacent to the Barber Lake site
- Grew pipeline to 2.8 GW of site capacity with optionality for both HPC or bitcoin mining data centers
- Construction of Phase I of Black Pearl, featuring 150 MW of capacity and expected to generate over ~9.5 EH/s, remains on track to energize in the second quarter of this year
- Exercised S21 XP Bitmain option to support Phase I of Black Pearl
- Q4 2024 net earnings of
$18 million , or$0.05 per diluted share, and adjusted earnings of$51 million , or$0.14 per diluted share
Business Update Call and Webcast
The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.ciphermining.com/. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.
About Cipher
Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world's largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as, statements about the Company’s beliefs and expectations regarding its future results of operations and financial position, its planned business model and strategy, its bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 to be filed with the Securities and Exchange Commission (“SEC”), and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Website Disclosure
The company maintains a dedicated investor website at https://investors.ciphermining.com/investors (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.
Non-GAAP Financial Measures
This press release includes supplemental financial measures for Adjusted Earnings (Loss) and Adjusted Earnings (Loss) per share - diluted, in each case that exclude the impact of (i) the non-cash change in fair value of derivative asset, (ii) share-based compensation expense, (iii) depreciation and amortization, (iv) deferred income tax expense, (v) nonrecurring gains and losses and (vi) the non-cash change in fair value of warrant liability. These supplemental financial measures are not measurements of financial performance under accounting principles generally accepted in the United Stated (“GAAP”) and, as a result, these supplemental financial measures may not be comparable to similarly titled measures of other companies. Management uses these non-GAAP financial measures internally to help understand, manage, and evaluate our business performance and to help make operating decisions. We believe the use of these non-GAAP financial measures can also facilitate comparison of our operating results to those of our competitors by excluding certain items that vary in our industry based on company policy.
Non-GAAP financial measures are subject to material limitations as they are not in accordance with, or a substitute for, measurements prepared in accordance with GAAP. For example, we expect that share-based compensation expense, which is excluded from the non-GAAP financial measure, will continue to be a significant recurring expense over the coming years and is an important part of the compensation provided to certain employees, officers and directors. Similarly, we expect that depreciation and amortization will continue to be a recurring expense over the term of the useful life of the related assets. Our non-GAAP financial measures are not meant to be considered in isolation and should be read only in conjunction with our consolidated financial statements included elsewhere in this press release, which have been prepared in accordance with GAAP. We rely primarily on such consolidated financial statements to understand, manage and evaluate our business performance and use the non-GAAP financial measures only supplementally.
Contacts:
Investor Contact:
Courtney Knight
Head of Investor Relations at Cipher Mining
Courtney.knight@ciphermining.com
Media Contact:
Ryan Dicovitsky / Kendal Till
Dukas Linden Public Relations
CipherMining@DLPR.com
| CIPHER MINING INC. 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 obligation | 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, | - | - | |||||
| Common stock, | 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 | |||
| CIPHER MINING INC. 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 | |||||
Non-GAAP Financial Measures
The following are reconciliations of our Adjusted Earnings (Loss) and Adjusted Earnings (Loss) per share - diluted, in each case excluding the impact of (i) the non-cash change in fair value of derivative asset, (ii) share-based compensation expense, (iii) depreciation and amortization, (iv) deferred income tax expense, (v) nonrecurring gains and losses and (vi) the non-cash change in fair value of warrant liability, to the most directly comparable GAAP measures for the periods indicated (in thousands, except for per share amounts):
| Year Ended December 31, | |||||||
| 2024 | 2023 | ||||||
| Reconciliation of Adjusted Earnings: | |||||||
| Net loss | $ | (44,635 | ) | $ | (25,777 | ) | |
| Change in fair value of derivative asset | 7,921 | (26,836 | ) | ||||
| Share-based compensation expense | 42,132 | 38,470 | |||||
| Depreciation and amortization | 102,448 | 59,093 | |||||
| Deferred income tax expense | (937 | ) | 3,366 | ||||
| Other gains - nonrecurring | - | (2,355 | ) | ||||
| Change in fair value of warrant liability | (250 | ) | 243 | ||||
| Adjusted (loss) earnings | $ | 106,679 | $ | 46,204 | |||
| Year Ended December 31, | |||||||
| 2024 | 2023 | ||||||
| Reconciliation of Adjusted Earnings per share - diluted: | |||||||
| Net loss per share - diluted | $ | (0.14 | ) | $ | (0.10 | ) | |
| Change in fair value of derivative asset per diluted share | 0.02 | (0.11 | ) | ||||
| Share-based compensation expense per diluted share | 0.13 | 0.15 | |||||
| Depreciation and amortization per diluted share | 0.32 | 0.23 | |||||
| Deferred income tax expense per diluted share | — | 0.01 | |||||
| Other gains - nonrecurring per diluted share | — | (0.01 | ) | ||||
| Change in fair value of warrant liability per diluted share | — | — | |||||
| Adjusted (loss) earnings per diluted share | $ | 0.33 | $ | 0.17 | |||
FAQ
What were Cipher Mining's (CIFR) Q4 2024 financial results?
What is Cipher Mining's (CIFR) current self-mining hashrate after the Odessa upgrade?
What is the status of Cipher Mining's (CIFR) Black Pearl project?
What acquisitions did Cipher Mining (CIFR) complete in Q4 2024?
How large is Cipher Mining's (CIFR) development pipeline as of Q4 2024?
What expansion plans does Cipher Mining (CIFR) have for its Barber Lake site?
