← Cipher Digital Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $27k |
$4k
-84.16%
|
$3.0m
+70022.37%
|
$126.8m
+4076.56%
|
$151.3m
+19.26%
|
$223.9m
+48.04%
|
$191.1m
-14.67%
|
|
| Power sales | — | — | ($458k) | ($9.9m) | $5.4m | $7.9m | — | |
| Cost of revenue | — | — | $748k |
$50.3m
+6625.80%
|
($62.4m)
-223.96%
|
($81.2m)
-30.23%
|
$210.3m
+358.90%
|
|
| Gross Profit | — | — | $2.3m |
$76.5m
+3243.51%
|
$88.9m
+16.17%
|
$142.7m
+60.54%
|
($19.2m)
-113.44%
|
|
| General and administrative | — | $72.1m | $70.8m | $85.2m | ($32.7m) | ($36.4m) | $46.6m | |
| Total costs and operating expenses | — | $72.2m | $40.5m | $147.0m | ($195.0m) | ($645.5m) | — | |
| Operating loss | ($154k) |
($72.2m)
-46856.41%
|
($37.4m)
+48.14%
|
($20.1m)
+46.25%
|
($43.7m)
-117.25%
|
($421.6m)
-864.70%
|
($426.6m)
-1.19%
|
|
| Interest expense | — | ($27k) | ($137k) | ($2.0m) | ($1.7m) | ($36.6m) | $160.5m | |
| Interest income | $27k | $4k | $215k | $164k | $3.4m | $19.5m | $86.4m | |
| Other expense | — | — | — | ($17k) | ($2.5m) | ($406.2m) | — | |
| Total other expense | — | ($753) | $208k | ($2.1m) | ($618k) | ($404.0m) | — | |
| Current income tax expense | — | — | $0 | ($201k) | ($1.3m) | ($956k) | ($3.6m) | |
| Deferred income tax benefit (expense) | — | — | ($1.8m) | ($3.4m) | $937k | $4.3m | — | |
| Total income tax benefit (expense) | — | $0 | ($1.8m) | ($3.6m) | ($318k) | $3.3m | — | |
| Net loss | ($126k) | ($72.2m) | ($39.1m) | ($25.8m) | ($44.6m) | ($822.2m) | — | |
| Less: Net loss attributable to redeemable noncontrolling interest | — | — | — | $0 | $0 | $0 | — | |
| Loss per share - basic (in dollars per share) | ($0.02) | ($0.33) | ($0.16) | ($0.10) | ($0.14) | ($2.15) | — | |
| Loss per share - diluted (in dollars per share) | ($0.02) | ($0.33) | ($0.16) | ($0.10) | ($0.14) | ($2.15) | — | |
| Weighted average shares outstanding - basic (in shares) | — | 218.0m | 248.2m | 252.4m | 323.1m | 381.6m | — | |
| Weighted average shares outstanding - diluted (in shares) | — | 218.0m | 248.2m | 252.4m | 323.1m | 381.6m | — | |
| Compensation and benefits | — | — | — | ($57.4m) | ($60.8m) | ($79.1m) | — | |
| Depreciation and amortization | — | $5k | $4.4m | $59.1m | ($102.4m) | ($199.0m) | $149.8m | |
| Change in fair value of power purchase agreement | — | — | — | $26.8m | ($7.9m) | ($28.9m) | — | |
| Equity in losses of equity investees | — | — | $37.0m | $2.5m | ($384k) | ($20.8m) | — | |
| Unrealized (losses) gains on fair value of bitcoin | — | — | — | $3.3m | $11.3m | ($41.6m) | — | |
| Realized gains on sale of bitcoin | — | — | — | $7.7m | $51.5m | $7.1m | — | |
| Other operating (losses) gains | — | — | — | ($2.4m) | $3.3m | ($173.5m) | — | |
| Change in fair value of warrant liability | — | $22k | $130k | ($243k) | $250k | $19.3m | — | |
| Loss before taxes | — | ($72.2m) | ($37.2m) | ($22.2m) | ($44.3m) | ($825.6m) | — |