Cipher Mining Inc. (CIFR) came out with a quarterly loss of $0.11 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced earnings of $0.06, delivering a surprise of 160%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Cipher Mining, which belongs to the ...

Revenue and Financial Performance - Revenue for the three months ended March 31, 2025, was $49.0 million, an increase of 1.8% from $48.1 million in the same period of 2024, driven by higher average bitcoin prices despite a decrease in bitcoin mined due to the halving [165]. - The net loss for the three months ended March 31, 2025, was $39.0 million, compared to a net income of $39.9 million in the same period of 2024, reflecting a decrease of $78.9 million [182]. - Adjusted earnings for the three months ended March 31, 2025, were $6.138 million, down from $63.030 million in 2024 [193]. Costs and Expenses - The cost of revenue for the same period was $14.9 million, slightly up from $14.8 million in 2024, primarily due to fixed power costs under the Power Purchase Agreement [166]. - Compensation and benefits increased to $14.3 million in Q1 2025, up $1.3 million from $13.0 million in Q1 2024, attributed to a rise in headcount [167]. - General and administrative expenses rose to $9.0 million, an increase of $2.9 million compared to $6.1 million in the prior year, mainly due to higher legal and professional fees [168]. - Depreciation and amortization expenses surged to $43.5 million, up $26.3 million from $17.2 million in Q1 2024, due to increased mining equipment and a change in estimated useful life of miners [169]. - Share-based compensation expense for the three months ended March 31, 2025, was $9.132 million, compared to $8.317 million in 2024 [193]. Cash Flow and Liquidity - Cash used in operations was $47.2 million for Q1 2025, an increase of $20.6 million from $26.6 million in Q1 2024 [182]. - Cash used in investing activities decreased by $13.7 million to $17.3 million for the three months ended March 31, 2025, compared to $31.0 million for the same period in 2024 [183]. - Cash flows from financing activities increased by $22.0 million to $82.1 million for the three months ended March 31, 2025, driven by a $50.0 million increase in proceeds from treasury stock reissued for PIPE investment [184]. - As of March 31, 2025, the company had cash and cash equivalents of $23.2 million and total stockholders' equity of $734.8 million [177]. - The company has a secured line of credit of up to $25.0 million under the Coinbase Overnight Credit Facility, with $25.0 million drawn as of March 31, 2025 [178]. Inventory and Assets - The ending balance of Bitcoin inventory as of March 31, 2025, was 630 BTC, valued at $52.0 million [162]. - The company held 630 bitcoin in inventory as of March 31, 2025, with a potential $3.9 million increase in net loss from a 10% decrease in bitcoin price [199]. Lease and Agreements - Monthly rent payments for the amended lease agreement for office space are approximately $0.2 million, with a term through May 2029 [185]. - The Combined Luminant Lease Agreement commenced on November 22, 2022, with an initial term of five years and an amended payment schedule totaling $19.7 million due over the remaining four-year period starting in July 2023 [189]. Other Financial Metrics - A 10% decrease in power prices would result in an estimated $17.1 million decrease in the estimated fair value of the derivative asset and an increase in net loss for the three months ended March 31, 2025 [200]. - The company had a $31.6 million decrease in proceeds from the issuance of common stock during the three months ended March 31, 2025 [184].

Presentation for Business Update MAY 6, 2025 Forward-Looking Statements This communication 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 ...

Cipher Mining (CIFR) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good day and thank you for standing by. Welcome to the Cipher Mining First Quarter twenty twenty five Business Update Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Courtney Knight, Head of Investor ...

Exhibit 99.1 Cipher Mining Provides First Quarter 2025 Business Update First Quarter 2025 Revenue of $49m, up 16% quarter over quarter Signed term sheet with Fortress Credit Advisors to serve as the JV financing partner at Barber Lake Nearing completion of 150 MW Phase I infrastructure at Black Pearl First Quarter 2025 GAAP Net Loss of $39m, and Non-GAAP Adjusted Earnings of $6m NEW YORK— May 6, 2025 —Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company") today announced its first quarter 2025 financ ...

NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for April 2025. Key Highlights Key MetricsApril 2025BTC Mined1174BTC Sold350BTC Held2855Deployed Mining Rigs75 ...

NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced it will provide a business update and release its first quarter 2025 financial results before U.S. markets open on Tuesday, May 6, 2025. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time. 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.co ...

The latest trading session saw Cipher Mining Inc. (CIFR) ending at $3.06, denoting a -0.65% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.06%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq lost 0.1%.The the stock of company has risen by 32.76% in the past month, leading the Business Services sector's loss of 4.91% and the S&P 500's loss of 4.29%.Investors will be eagerly watching for the performance of Cipher Mining Inc. in its upcoming earnings disclo ...

Company Performance - Cipher Mining Inc. (CIFR) closed at $2.44, reflecting a +0.83% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.79% [1] - Over the past month, shares of Cipher Mining Inc. have decreased by 20.4%, which is significantly worse than the Business Services sector's loss of 2.73% and the S&P 500's loss of 3.56% [1] Earnings Projections - The upcoming earnings per share (EPS) for Cipher Mining Inc. is projected at -$0.11, indicating a 184.62% decline compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is $49.65 million, representing a 3.13% increase from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict an EPS of -$0.38 and revenue of $276.02 million, reflecting changes of -171.43% and +82.47% respectively compared to the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Cipher Mining Inc. are crucial as they indicate changing near-term business trends, with positive revisions suggesting analyst optimism about the company's profitability [4] - The Zacks Rank system, which incorporates these estimate changes, provides a rating system that can help investors make informed decisions [5] Zacks Rank and Industry Performance - Cipher Mining Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate having decreased by 127.27% over the past month [6] - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 65, placing it in the top 27% of all industries, indicating strong performance potential [7]

NEW YORK, April 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for March 2025. Key Highlights Key MetricsMarch 2025BTC Mined1210BTC Sold206BTC Held21,034Deployed Mining Rigs75,000Month End Operating Hashrate (EH/s)<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: sol ...