← Cipher Digital Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net loss | ($126k) | ($72.2m) | ($39.1m) | ($25.8m) | ($44.6m) | ($822.2m) | — | |
| Net Income | — | — | ($39.1m) |
($25.8m)
+33.99%
|
($44.6m)
-73.16%
|
($822.2m)
-1742.15%
|
($1.1b)
-36.13%
|
|
| Depreciation and amortization | — | $5k | $4.4m | $59.1m | $102.4m | $199.0m | $151.5m | |
| Amortization of operating right-of-use asset | — | — | $772k | $822k | $1.2m | $1.6m | — | |
| Amortization of debt discount and issuance costs | — | — | — | $0 | $0 | $17.9m | — | |
| Amortization Cash Flow | — | — | $0 | $121k | $650k | — | — | |
| Amortization Of Intangibles | — | — | $0 | $121k | $650k | — | $735k | |
| Depreciation Amortization Depletion | — | — | $5.2m | $59.9m | $103.7m | $200.6m | $151.5m | |
| Deferred income taxes | — | — | $1.8m | $3.4m | ($937k) | ($4.3m) | ($4.6m) | |
| Deferred Tax | — | — | $1.8m | $3.4m | ($937k) | ($4.3m) | ($4.6m) | |
| Share-based compensation | — | $63.8m | $41.5m | $38.5m | $42.1m | $52.8m | $90.7m | |
| Impairment of property and equipment | — | — | $105.9m | $0 | $0 | $45.3m | — | |
| Asset Impairment Charge | — | — | $1.5m | $0 | $0 | $141.4m | $148.8m | |
| Earnings (Loss)es From Equity Investments | — | — | $37.0m | $2.5m | $384k | $20.8m | $15.4m | |
| Changes in operating assets and liabilities | — | — | — | ($10.7m) | $18.3m | ($68.0m) | — | |
| Change In Working Capital | — | — | $822k | ($10.7m) | $18.3m | ($68.0m) | ($173.4m) | |
| Change In Receivables | — | — | ($1.2m) | ($1.7m) | ($1.8m) | — | ($1.4m) | |
| Changes In Account Receivables | — | — | ($1.2m) | ($1.7m) | ($1.8m) | — | ($1.4m) | |
| Property and equipment purchases in accounts payable and accrued expenses | — | $18k | $14.0m | $0 | $42.2m | $67.2m | — | |
| Change In Payables And Accrued Expense | — | — | $3.2m | ($5.5m) | $11.5m | — | ($3.4m) | |
| Change In Accrued Expense | — | — | $748k | $5.3m | $3.5m | — | ($32.8m) | |
| Change In Other Current Assets | — | — | — | $0 | ($4.0m) | — | ($4.5m) | |
| Change In Other Current Liabilities | — | — | ($203k) | ($890k) | $0 | — | ($120k) | |
| Net cash used in operating activities | ($322k) |
($31.7m)
-9745.15%
|
($20.9m)
+33.95%
|
($94.2m)
-350.59%
|
($87.5m)
+7.14%
|
($207.9m)
-137.61%
|
($256.5m)
-23.35%
|
|
| Deposits on equipment | — | ($114.9m) | ($188.1m) | ($33.9m) | ($163.0m) | ($4.9m) | — | |
| Purchases of property and equipment | — | ($5.1m) | ($39.8m) | ($20.5m) | ($139.5m) | ($487.9m) | ($1.2b) | |
| Reclassification of deposits on equipment to property and equipment | — | — | $105.9m | $74.2m | $154.9m | $31.5m | — | |
| Net cash (used in) provided by investing activities | ($170.0m) | ($120.1m) | ($173.9m) | $52.8m | ($192.1m) | ($336.6m) | — | |
| Issuance Of Debt | — | — | $0 | $0 | $25.0m | $3.1b | $5.7b | |
| Long Term Debt Issuance | — | — | $0 | $0 | $0 | $3.1b | $5.7b | |
| Long Term Debt Payments | — | — | $0 | ($12.9m) | ($5.5m) | ($29.8m) | ($4.8m) | |
| Net Issuance Payments Of Debt | — | — | $0 | ($12.9m) | $19.5m | $3.1b | $5.7b | |
| Net Long Term Debt Issuance | — | — | $0 | ($12.9m) | ($5.5m) | $3.1b | $5.7b | |
| Net Short Term Debt Issuance | — | — | — | $0 | $25.0m | $0 | $0 | |
| Repayment Of Debt | — | — | $0 | ($12.9m) | ($5.5m) | ($29.8m) | ($4.8m) | |
| Proceeds from the issuance of common stock, net of offering costs | $25k | $5 | — | $135.8m | $225.2m | $195.5m | — | |
| Issuance of common stock in exchange for intangible assets | — | — | — | $7.0m | $0 | $0 | $239.0m | |
| Common Stock Issuance | — | — | $0 | $132.4m | $221.7m | $245.5m | $239.0m | |
| Common Stock Payments | — | — | ($3.1m) | ($3.9m) | ($27.6m) | ($89.6m) | ($134.3m) | |
| Issuance Of Capital Stock | — | — | $0 | $132.4m | $221.7m | $245.5m | $239.0m | |
| Net Common Stock Issuance | — | — | ($3.1m) | $128.5m | $194.1m | $155.9m | $104.7m | |
| Repurchase Of Capital Stock | — | — | ($3.1m) | ($3.9m) | ($27.6m) | ($89.6m) | ($134.3m) | |
| Dividends Received CFI | — | — | $54.0m | $3.8m | $0 | $0 | ($4.6m) | |
| Net Other Financing Charges | — | — | — | ($3.4m) | ($3.5m) | ($82.7m) | ($1.8m) | |
| Net cash provided by financing activities | $171.6m |
$361.6m
+110.75%
|
($3.1m)
-100.85%
|
$115.7m
+3843.17%
|
$213.5m
+84.60%
|
$3.2b
+1393.69%
|
$5.8b
+80.68%
|
|
| Net increase (decrease) in cash, cash equivalents, and restricted cash | — | $209.8m | ($197.9m) | $74.2m | ($66.1m) | $2.6b | — | |
| Cash, cash equivalents, and restricted cash, beginning of the period | — | — | — | $11.9m | $86.1m | $2.7b | — | |
| Beginning Cash Position | — | — | $209.8m | $11.9m | $86.1m | $20.0m | $77.1m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Equity in losses of equity investees | — | — | $37.0m | $2.5m | $384k | $20.8m | — | |
| Write-down of assets held for sale | — | — | — | $0 | $0 | $96.1m | — | |
| Loss on disposal of assets | — | — | — | $0 | $290k | $31.4m | — | |
| Non-cash lease expense | — | — | $137k | $1.9m | $919k | $1.0m | — | |
| Non-cash consideration received for services | — | — | — | ($126.3m) | ($151.3m) | ($223.9m) | — | |
| Change in fair value of derivative assets | — | — | — | ($26.8m) | $7.9m | ($16.2m) | — | |
| Change in fair value of warrant liability | — | ($22k) | ($130k) | $243k | ($250k) | ($19.3m) | — | |
| Change in fair value of embedded derivative | — | — | — | $0 | $0 | $450.4m | — | |
| Change in fair value of bitcoin collateral | — | — | — | $0 | ($546k) | ($5.7m) | — | |
| Change in fair value of bitcoin loan | — | — | — | $0 | ($669k) | $781k | — | |
| Unrealized gains on fair value of bitcoin | — | — | — | ($3.3m) | ($11.3m) | $41.6m | — | |
| Realized gains on sale of bitcoin | — | — | — | ($7.7m) | ($51.5m) | ($7.1m) | — | |
| Proceeds from sale of bitcoin | — | — | $23k | $111.2m | $148.9m | $214.7m | — | |
| Purchases of bitcoin | — | — | — | $0 | $0 | ($2.4m) | — | |
| Purchases and development of software | — | — | ($596k) | ($634k) | ($1.4m) | ($1.4m) | — | |
| Purchases of strategic contracts | — | — | — | $0 | $0 | ($32.6m) | — | |
| Investment in equity investees | — | — | — | ($3.5m) | ($37.1m) | ($22.1m) | — | |
| Capital distributions from equity investees | — | — | $54.0m | $3.8m | $0 | $0 | — | |
| Prepayments on financing lease | — | — | — | ($3.7m) | $0 | $0 | — | |
| Proceeds from notes, net of issuance costs | — | — | — | $0 | $0 | $3.1b | — | |
| Proceeds from treasury stock reissued for PIPE investment | — | — | — | $0 | $0 | $50.0m | — | |
| Purchase of capped call options | — | — | — | $0 | $0 | ($82.7m) | — | |
| Repurchase of common shares to pay employee withholding taxes | — | ($23.2m) | ($3.1m) | ($3.9m) | ($27.6m) | ($89.6m) | — | |
| Proceeds from loan | — | — | — | $0 | $25.0m | $0 | — | |
| Principal payments on loan | — | — | — | $0 | $0 | ($25.0m) | — | |
| Principal payments on financing lease | — | — | — | ($12.9m) | ($5.5m) | ($4.8m) | — | |
| Cash paid for interest | — | $27k | $0 | $0 | $0 | $1.5m | — | |
| Reclassification of embedded derivative liability to equity | — | — | — | $0 | $0 | $737.0m | — | |
| Issuance of warrant liability | — | — | — | $0 | $0 | $544.5m | — | |
| Bitcoin transferred for rehypothecated collateral | — | — | — | $0 | $31.7m | $31.7m | — | |
| Recognition of redeemable noncontrolling interest upon consolidation | — | — | — | $0 | $0 | $30.3m | — | |
| Bitcoin loan payments | — | — | — | $0 | $0 | $26.8m | — | |
| Bitcoin received from equity investees | — | — | $4.8m | $317k | $18.1m | $25.8m | — | |
| Bitcoin received as a loan | — | — | — | $0 | $10.0m | $16.6m | — | |
| Non-cash consideration transferred in acquisition of intangible asset | — | — | — | $0 | $0 | $14.7m | — | |
| Initial estimate of asset retirement obligation and related capitalized costs | — | — | $16.5m | $0 | $0 | $10.7m | — | |
| Sales tax accrual on machines placed in service | — | — | — | $1.2m | $2.2m | $4.5m | — | |
| Bitcoin paid for interest on loan | — | $27k | $0 | $0 | $2.0m | $140k | — | |
| Treasury stock reissued for PIPE investment | — | — | — | $0 | $0 | $10k | — | |
| Right-of-use asset obtained in exchange for operating lease liability | — | — | $5.9m | $2.8m | $6.7m | $491k | — | |
| Settlement of related party payable related to master services and supply agreement | — | — | — | $0 | $1.6m | $0 | — | |
| Right-of-use asset obtained in exchange for finance lease liability | — | — | $15.0m | $14.2m | $0 | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | ($3.1m) | $115.7m | $213.5m | $3.2b | $5.8b | |
| Cash Flow From Continuing Investing Activities | — | — | ($173.9m) | $52.8m | ($192.1m) | ($336.6m) | ($1.0b) | |
| Change In Account Payable | — | — | $2.4m | ($10.8m) | $8.0m | — | ($3.4m) | |
| Change In Cash Supplemental As Reported | — | — | ($197.9m) | $74.2m | ($66.1m) | $2.6b | — | |
| Change In Payable | — | — | $2.4m | ($10.8m) | $8.0m | — | ($3.4m) | |
| Change In Prepaid Assets | — | — | ($945k) | ($2.6m) | $12.7m | — | $21.8m | |
| Changes In Cash | — | — | ($197.9m) | $74.2m | ($66.1m) | $2.6b | $4.5b | |
| End Cash Position | — | — | $11.9m | $86.1m | $20.0m | $2.7b | $4.6b | |
| Financing Cash Flow | — | — | ($3.1m) |
$115.7m
+3843.17%
|
$213.5m
+84.60%
|
$3.2b
+1393.69%
|
$5.8b
+80.68%
|
|
| Free Cash Flow | — | — | ($248.8m) | ($149.3m) | ($391.4m) | ($702.2m) | ($1.5b) | |
| Gain Loss On Investment Securities | — | — | ($73.6m) | ($34.3m) | ($43.9m) | $407.8m | $597.0m | |
| Income Tax Paid Supplemental Data | — | — | $0 | — | — | — | — | |
| Investing Cash Flow | — | — | ($173.9m) | $52.8m | ($192.1m) | ($336.6m) | ($1.0b) | |
| Net Business Purchase And Sale | — | — | $0 | ($3.5m) | ($37.1m) | ($22.1m) | ($13.7m) | |
| Net Intangibles Purchase And Sale | — | — | ($596k) | ($634k) | ($1.4m) | ($1.4m) | ($707k) | |
| Net Investment Purchase And Sale | — | — | $0 | $111.2m | $148.9m | $179.8m | $181.8m | |
| Net PPE Purchase And Sale | — | — | ($227.3m) | ($54.4m) | ($302.5m) | ($492.8m) | ($1.2b) | |
| Operating Gains Losses | — | — | ($36.6m) | ($31.8m) | ($43.2m) | $460.1m | $653.6m | |
| Other Non Cash Items | — | — | $4.0m | ($124.4m) | ($151.0m) | ($204.1m) | — | |
| Purchase Of Business | — | — | $0 | ($3.5m) | ($37.1m) | ($22.1m) | ($13.7m) | |
| Purchase Of Intangibles | — | — | ($596k) | ($634k) | ($1.4m) | ($1.4m) | ($707k) | |
| Purchase Of Investment | — | — | $0 | $0 | $0 | ($35.0m) | ($35.0m) | |
| Purchase Of PPE | — | $5.1m | ($227.3m) | ($54.4m) | ($302.5m) | ($492.8m) | ($1.2b) | |
| Sale Of Investment | — | — | $0 | $111.2m | $148.9m | $214.7m | $216.8m | |
| Stock Based Compensation | — | — | $41.5m | $38.5m | $42.1m | $52.8m | $90.7m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | ($3.3m) | ($11.9m) | $35.9m | $42.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.