English

CIPHER DIGITAL INC.

EDGAR

CIFR Current report (8-K) · filed 2026-10-16

Annual consolidated revenue for 2025: about USD 223.9M, using the latest reported figures. The previous period, 2024, was about USD 151.3M.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

24.8 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 24837000 USD Source

Operating margin

-316.21%

2026 Q2 · %

Exact inputs and evidence

Operating Income: -78536000 USD Source
Revenue: 24837000 USD Source

Operating cash flow

-244 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -152000000 USD Source
Operating Cash Flow: 91500000 USD Source

Free cash flow

-654 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -152000000 USD Source
Operating Cash Flow: 91500000 USD Source
Capital Expenditure: 964300000 USD Source
Capital Expenditure: 554000000 USD Source

Cash and cash equivalents: 832 million USD 2026-06-30 Source
Exact value

831800000 USD
Long-term debt including current maturities: 5.45 billion USD 2026-06-30 Source
Exact value

5446866000 USD
Shares outstanding: 414 million shares 2026-06-30 Source
Exact value

414253564 shares

Reported share-count change

7.11% · 27.5 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

386758546 shares · 2025-06-30· Source
414253564 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

191 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 71707000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 223942000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 164231000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 34838000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 24837000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-1.12 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: -3283000 USD · 2025-07-01 – 2025-09-30 Source
Net income: -822244000 USD · 2025-01-01 – 2025-12-31 Source
Net income: -88039000 USD · 2025-01-01 – 2025-09-30 Source
Net income: -114316000 USD · 2026-01-01 – 2026-03-31 Source
Net income: -267529000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-256 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: -153500000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -103455000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: -207900000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: -153500000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 91500000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: -152000000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 91500000 USD · 2026-01-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-16.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 4 of 11 periods available· newest 2025-12-31
Operating income: 6 of 11 periods available· newest 2025-12-31
Net income: 6 of 11 periods available· newest 2025-12-31
Operating cash flow: 5 of 11 periods available· newest 2025-12-31
Capital expenditure: 5 of 11 periods available· newest 2025-12-31
Total assets: 4 of 11 periods available· newest 2025-12-31
Total liabilities: 4 of 11 periods available· newest 2025-12-31
Current assets: 4 of 11 periods available· newest 2025-12-31
Current liabilities: 4 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 2 of 11 periods available· newest 2025-12-31
Shares outstanding: 4 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+48%

Prior period

USD 151.27 million

2024-01-01 – 2024-12-31
Current period

USD 223.94 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

223942000 − 151270000 = 72672000 USD

151270000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
223942000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · CIPHER DIGITAL INC. · 2025-12-31 CIPHER DIGITAL INC. (edgar:1819989) Year-over-year change in Revenue: 72672000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 223942000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#2030066 Filing: 000181998926000009 Input fundies:Revenue: 151270000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#2053404 Filing: 000181998926000009
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 777.61 million

Prior period

−USD 44.64 million

2024-01-01 – 2024-12-31
Current period

−USD 822.24 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-822244000 − -44635000 = -777609000 USD

-44635000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-822244000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · CIPHER DIGITAL INC. · 2025-12-31 CIPHER DIGITAL INC. (edgar:1819989) Year-over-year change in Net income: -777609000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -822244000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1529961 Filing: 000181998926000009 Input fundies:NetIncome: -44635000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1530735 Filing: 000181998926000009
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
−USD 120.39 million

Prior period

−USD 87.51 million

2024-01-01 – 2024-12-31
Current period

−USD 207.9 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-207900000 − -87511000 = -120389000 USD

-87511000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-207900000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · CIPHER DIGITAL INC. · 2025-12-31 CIPHER DIGITAL INC. (edgar:1819989) Year-over-year change in Operating cash flow: -120389000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -207900000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1428670 Filing: 000181998926000009 Input fundies:OperatingCashFlow: -87511000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1305535 Filing: 000181998926000009
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+249.8%

Prior period

USD 139.5 million

2024-01-01 – 2024-12-31
Current period

USD 487.9 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

487900000 − 139495000 = 348405000 USD

139495000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
487900000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · CIPHER DIGITAL INC. · 2025-12-31 CIPHER DIGITAL INC. (edgar:1819989) Year-over-year change in Capital expenditure: 348405000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 487900000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1429710 Filing: 000181998926000009 Input fundies:CapitalExpenditure: 139495000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1314074 Filing: 000181998926000009
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 223.94 million 100% of revenue
Operating costs Derived USD 645.51 million 288% of revenue
Operating income −USD 421.56 million −188% of revenue
Tax, interest and other Derived USD 400.68 million 179% of revenue
Net income −USD 822.24 million −367% of revenue

Cash

Operating cash flow −USD 207.9 million −93% of revenue
Capital expenditure USD 487.9 million 218% of revenue
Free cash flow Derived −USD 695.8 million −311% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2022 Operating loss: operating costs were 1,332% of revenue.
2023 Operating loss: operating costs were 116% of revenue.
2024 Operating loss: operating costs were 129% of revenue.
2025 Operating loss: operating costs were 288% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2022 2022-01-01 – 2022-12-31	3037000	40458000 Derived	-37421000	1632000 Derived	-39053000	-60134000 Derived	Source 2022-01-01 – 2022-12-31: 3037000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -37421000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -39053000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: -20915000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 39219000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	126842000	146957000 Derived	-20115000	5662000 Derived	-25777000	-114721000 Derived	Source 2023-01-01 – 2023-12-31: 126842000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -20115000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -25777000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: -94241000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 20480000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	151270000	194969000 Derived	-43699000	936000 Derived	-44635000	-227006000 Derived	Source 2024-01-01 – 2024-12-31: 151270000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -43699000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -44635000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: -87511000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 139495000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	223942000	645505000 Derived	-421563000	400681000 Derived	-822244000	-695800000 Derived	Source 2025-01-01 – 2025-12-31: 223942000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: -421563000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -822244000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: -207900000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 487900000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 223.9M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20222022-12-31	Revenue	3037000	Revenue: 3037000 Open source
20232023-12-31	Revenue	126842000	Revenue: 126842000 Open source
20242024-12-31	Revenue	151270000	Revenue: 151270000 Open source
20252025-12-31	Revenue	223942000	Revenue: 223942000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

48% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20222022-12-31	Year over year	No prior comparable period	Revenue: 3037000 Open source
20232023-12-31	Year over year	4,076.6%	Revenue: 126842000 Open source Revenue: 3037000 Open source
20242024-12-31	Year over year	19.3%	Revenue: 151270000 Open source Revenue: 126842000 Open source
20252025-12-31	Year over year	48%	Revenue: 223942000 Open source Revenue: 151270000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -188.2% 2025

Net margin -367.2% 2025

Free cash flow margin -310.7% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20222022-12-31	Operating margin	-1,232.2%	Operating Income: -37421000 Open source Revenue: 3037000 Open source
20232023-12-31	Operating margin	-15.9%	Operating Income: -20115000 Open source Revenue: 126842000 Open source
20242024-12-31	Operating margin	-28.9%	Operating Income: -43699000 Open source Revenue: 151270000 Open source
20252025-12-31	Operating margin	-188.2%	Operating Income: -421563000 Open source Revenue: 223942000 Open source
20222022-12-31	Net margin	-1,285.9%	Net Income: -39053000 Open source Revenue: 3037000 Open source
20232023-12-31	Net margin	-20.3%	Net Income: -25777000 Open source Revenue: 126842000 Open source
20242024-12-31	Net margin	-29.5%	Net Income: -44635000 Open source Revenue: 151270000 Open source
20252025-12-31	Net margin	-367.2%	Net Income: -822244000 Open source Revenue: 223942000 Open source
20222022-12-31	Free cash flow margin	-1,980%	Revenue: 3037000 Open source Operating Cash Flow: -20915000 Open source Capital Expenditure: 39219000 Open source
20232023-12-31	Free cash flow margin	-90.4%	Revenue: 126842000 Open source Operating Cash Flow: -94241000 Open source Capital Expenditure: 20480000 Open source
20242024-12-31	Free cash flow margin	-150.1%	Revenue: 151270000 Open source Operating Cash Flow: -87511000 Open source Capital Expenditure: 139495000 Open source
20252025-12-31	Free cash flow margin	-310.7%	Revenue: 223942000 Open source Operating Cash Flow: -207900000 Open source Capital Expenditure: 487900000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -207.9M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20222022-12-31	Operating cash flow	-20915000	Operating Cash Flow: -20915000 Open source
20232023-12-31	Operating cash flow	-94241000	Operating Cash Flow: -94241000 Open source
20242024-12-31	Operating cash flow	-87511000	Operating Cash Flow: -87511000 Open source
20252025-12-31	Operating cash flow	-207900000	Operating Cash Flow: -207900000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -695.8M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20222022-12-31	Free cash flow	-60134000	Operating Cash Flow: -20915000 Open source Capital Expenditure: 39219000 Open source
20232023-12-31	Free cash flow	-114721000	Operating Cash Flow: -94241000 Open source Capital Expenditure: 20480000 Open source
20242024-12-31	Free cash flow	-227006000	Operating Cash Flow: -87511000 Open source Capital Expenditure: 139495000 Open source
20252025-12-31	Free cash flow	-695800000	Operating Cash Flow: -207900000 Open source Capital Expenditure: 487900000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

80.5% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20222022-12-31	Liabilities / assets	18.1%	Total Liabilities: 75571000 Open source Total Assets: 418463000 Open source
20232023-12-31	Liabilities / assets	13.2%	Total Liabilities: 74801000 Open source Total Assets: 566137000 Open source
20242024-12-31	Liabilities / assets	20.3%	Total Liabilities: 173493000 Open source Total Assets: 855446000 Open source
20252025-12-31	Liabilities / assets	80.5%	Total Liabilities: 3456054000 Open source Total Assets: 4291908000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

3.79× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20222022-12-31	Current assets / current liabilities	1.18×	Current Assets: 47735000 Open source Current Liabilities: 40326000 Open source
20232023-12-31	Current assets / current liabilities	4.6×	Current Assets: 155498000 Open source Current Liabilities: 33793000 Open source
20242024-12-31	Current assets / current liabilities	1.28×	Current Assets: 168205000 Open source Current Liabilities: 131778000 Open source
20252025-12-31	Current assets / current liabilities	3.79×	Current Assets: 2652859000 Open source Current Liabilities: 699071000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2020 2020-01-01 – 2020-12-31	−USD 107,031 Exact value Exact value: -107031 USD 2020-01-01 – 2020-12-31: -107031 USD Inspect Net Income Open source Share or cite Citation for Net Income · CIPHER DIGITAL INC. · 2020-12-31 CIPHER DIGITAL INC. (edgar:1819989) Net Income: -107031 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: -107031 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000121390021032312/gwac-20201231.xml#360107 Filing: 000121390021032312 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Operating cash flow + Capital expenditure is unavailable for this period.
2021 2021-02-01 – 2021-12-31	−USD 72.15 million Exact value Exact value: -72153000 USD 2021-02-01 – 2021-12-31: -72153000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CIPHER DIGITAL INC. · 2021-12-31 CIPHER DIGITAL INC. (edgar:1819989) Net Income: -72153000 USD Concept: fundies:NetIncome Period: 2021-02-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-02-01&unit=USD&dimensions= Input fundies:NetIncome: -72153000 USD (2021-02-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017023007793/cifr-20221231.htm#2453143 Filing: 000095017023007793 The citation records this snapshot. The page link may show a newer release later.	−USD 31.67 million Exact value Exact value: -31666000 USD 2021-02-01 – 2021-12-31: -31666000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CIPHER DIGITAL INC. · 2021-12-31 CIPHER DIGITAL INC. (edgar:1819989) Operating Cash Flow: -31666000 USD Concept: fundies:OperatingCashFlow Period: 2021-02-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-02-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -31666000 USD (2021-02-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017023007793/cifr-20221231.htm#2549573 Filing: 000095017023007793 The citation records this snapshot. The page link may show a newer release later.	USD 5.11 million Exact value Exact value: 5110000 USD 2021-02-01 – 2021-12-31: 5110000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CIPHER DIGITAL INC. · 2021-12-31 CIPHER DIGITAL INC. (edgar:1819989) Capital Expenditure: 5110000 USD Concept: fundies:CapitalExpenditure Period: 2021-02-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-02-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 5110000 USD (2021-02-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017023007793/cifr-20221231.htm#2561200 Filing: 000095017023007793 The citation records this snapshot. The page link may show a newer release later.	−USD 36.78 million Calculation and evidence -31666000 − 5110000 USD Exact free cash flow: -36776000 USD 2021-02-01 – 2021-12-31: -31666000 USD · Inspect Operating Cash Flow · Source 2021-02-01 – 2021-12-31: 5110000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CIPHER DIGITAL INC. · 2021-12-31 CIPHER DIGITAL INC. (edgar:1819989) Free cash flow: -36776000 USD Concept: free-cash-flow Period: 2021-02-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -31666000 USD (2021-02-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017023007793/cifr-20221231.htm#2549573 Filing: 000095017023007793 Input fundies:CapitalExpenditure: 5110000 USD (2021-02-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017023007793/cifr-20221231.htm#2561200 Filing: 000095017023007793 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 39.05 million Exact value Exact value: -39053000 USD 2022-01-01 – 2022-12-31: -39053000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CIPHER DIGITAL INC. · 2022-12-31 CIPHER DIGITAL INC. (edgar:1819989) Net Income: -39053000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -39053000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025442/cifr-20231231.htm#1827384 Filing: 000095017024025442 The citation records this snapshot. The page link may show a newer release later.	−USD 20.92 million Exact value Exact value: -20915000 USD 2022-01-01 – 2022-12-31: -20915000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CIPHER DIGITAL INC. · 2022-12-31 CIPHER DIGITAL INC. (edgar:1819989) Operating Cash Flow: -20915000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -20915000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025442/cifr-20231231.htm#1894059 Filing: 000095017024025442 The citation records this snapshot. The page link may show a newer release later.	USD 39.22 million Exact value Exact value: 39219000 USD 2022-01-01 – 2022-12-31: 39219000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CIPHER DIGITAL INC. · 2022-12-31 CIPHER DIGITAL INC. (edgar:1819989) Capital Expenditure: 39219000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 39219000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025442/cifr-20231231.htm#1903533 Filing: 000095017024025442 The citation records this snapshot. The page link may show a newer release later.	−USD 60.13 million Calculation and evidence -20915000 − 39219000 USD Exact free cash flow: -60134000 USD 2022-01-01 – 2022-12-31: -20915000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 39219000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CIPHER DIGITAL INC. · 2022-12-31 CIPHER DIGITAL INC. (edgar:1819989) Free cash flow: -60134000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -20915000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025442/cifr-20231231.htm#1894059 Filing: 000095017024025442 Input fundies:CapitalExpenditure: 39219000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025442/cifr-20231231.htm#1903533 Filing: 000095017024025442 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−USD 25.78 million Exact value Exact value: -25777000 USD 2023-01-01 – 2023-12-31: -25777000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CIPHER DIGITAL INC. · 2023-12-31 CIPHER DIGITAL INC. (edgar:1819989) Net Income: -25777000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -25777000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1531509 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	−USD 94.24 million Exact value Exact value: -94241000 USD 2023-01-01 – 2023-12-31: -94241000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CIPHER DIGITAL INC. · 2023-12-31 CIPHER DIGITAL INC. (edgar:1819989) Operating Cash Flow: -94241000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -94241000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1306187 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	USD 20.48 million Exact value Exact value: 20480000 USD 2023-01-01 – 2023-12-31: 20480000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CIPHER DIGITAL INC. · 2023-12-31 CIPHER DIGITAL INC. (edgar:1819989) Capital Expenditure: 20480000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 20480000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1314666 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	−USD 114.72 million Calculation and evidence -94241000 − 20480000 USD Exact free cash flow: -114721000 USD 2023-01-01 – 2023-12-31: -94241000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 20480000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CIPHER DIGITAL INC. · 2023-12-31 CIPHER DIGITAL INC. (edgar:1819989) Free cash flow: -114721000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -94241000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1306187 Filing: 000181998926000009 Input fundies:CapitalExpenditure: 20480000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1314666 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	−USD 44.64 million Exact value Exact value: -44635000 USD 2024-01-01 – 2024-12-31: -44635000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CIPHER DIGITAL INC. · 2024-12-31 CIPHER DIGITAL INC. (edgar:1819989) Net Income: -44635000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -44635000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1530735 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	−USD 87.51 million Exact value Exact value: -87511000 USD 2024-01-01 – 2024-12-31: -87511000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CIPHER DIGITAL INC. · 2024-12-31 CIPHER DIGITAL INC. (edgar:1819989) Operating Cash Flow: -87511000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -87511000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1305535 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	USD 139.5 million Exact value Exact value: 139495000 USD 2024-01-01 – 2024-12-31: 139495000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CIPHER DIGITAL INC. · 2024-12-31 CIPHER DIGITAL INC. (edgar:1819989) Capital Expenditure: 139495000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 139495000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1314074 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	−USD 227.01 million Calculation and evidence -87511000 − 139495000 USD Exact free cash flow: -227006000 USD 2024-01-01 – 2024-12-31: -87511000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 139495000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CIPHER DIGITAL INC. · 2024-12-31 CIPHER DIGITAL INC. (edgar:1819989) Free cash flow: -227006000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -87511000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1305535 Filing: 000181998926000009 Input fundies:CapitalExpenditure: 139495000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1314074 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	−USD 822.24 million Exact value Exact value: -822244000 USD 2025-01-01 – 2025-12-31: -822244000 USD Inspect Net Income Open source Share or cite Citation for Net Income · CIPHER DIGITAL INC. · 2025-12-31 CIPHER DIGITAL INC. (edgar:1819989) Net Income: -822244000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: -822244000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1529961 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	−USD 207.9 million Exact value Exact value: -207900000 USD 2025-01-01 – 2025-12-31: -207900000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CIPHER DIGITAL INC. · 2025-12-31 CIPHER DIGITAL INC. (edgar:1819989) Operating Cash Flow: -207900000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -207900000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1428670 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	USD 487.9 million Exact value Exact value: 487900000 USD 2025-01-01 – 2025-12-31: 487900000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CIPHER DIGITAL INC. · 2025-12-31 CIPHER DIGITAL INC. (edgar:1819989) Capital Expenditure: 487900000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 487900000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1429710 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.	−USD 695.8 million Calculation and evidence -207900000 − 487900000 USD Exact free cash flow: -695800000 USD 2025-01-01 – 2025-12-31: -207900000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 487900000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CIPHER DIGITAL INC. · 2025-12-31 CIPHER DIGITAL INC. (edgar:1819989) Free cash flow: -695800000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T12:28:22Z Snapshot: 47f56b532b1929389077957535cd904c2912dab58e7917ded01c96f6b54a4e71 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1819989?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -207900000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1428670 Filing: 000181998926000009 Input fundies:CapitalExpenditure: 487900000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1819989/000181998926000009/cifr-20251231.htm#1429710 Filing: 000181998926000009 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

51 filings · 1,674 latest values · 1,674 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001819989, 1819989, CIFR, GWAC, edgar:1819989

Also known as CIPHER DIGITAL INC., CIPHER MINING INC., Cipher Digital Inc., Cipher Mining Inc., GOOD WORKS ACQUISITION CORP.

CIPHER DIGITAL INC.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation