Cipher Mining Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Jan '21 Jan 31, 2021
Revenue	158.85	151.27	126.84	3.04	-	-
Revenue Growth (YoY)	0.11%	19.26%	4076.56%	-	-	-
Cost of Revenue	124.92	123.16	107.71	0.75	-	-
Gross Profit	33.93	28.11	19.13	2.29	-	-
Selling, General & Admin	36.24	32.66	27.8	70.84	78.71	0.04
Other Operating Expenses	-44.64	-66.19	-11.04	1.46	-	-
Operating Expenses	144.11	68.91	75.85	76.68	78.71	0.04
Operating Income	-110.19	-40.8	-56.72	-74.39	-78.71	-0.04
Interest Expense	-2.85	-1.71	-2	-0.14	-0.03	-
Interest & Investment Income	2.03	3.38	0.16	0.22	0	-
Earnings From Equity Investments	-7.54	-0.38	-2.53	-36.97	-	-
Other Non Operating Income (Expenses)	-40.17	-4.81	36.52	74.07	0.14	-
EBT Excluding Unusual Items	-158.71	-44.32	-24.57	-37.21	-78.6	-0.04
Merger & Restructuring Charges	-	-	-	-	-0.11	-
Other Unusual Items	-	-	2.36	-	-	-
Pretax Income	-158.71	-44.32	-22.21	-37.21	-78.71	-0.04
Income Tax Expense	-4.71	0.32	3.57	1.84	-	-
Net Income	-154	-44.64	-25.78	-39.05	-78.71	-0.04
Net Income to Common	-154	-44.64	-25.78	-39.05	-78.71	-0.04
Shares Outstanding (Basic)	354	323	252	248	218	-
Shares Outstanding (Diluted)	354	323	252	248	218	-
Shares Change (YoY)	23.73%	27.99%	1.70%	13.85%	-	-
EPS (Basic)	-0.43	-0.14	-0.10	-0.16	-0.36	-
EPS (Diluted)	-0.44	-0.14	-0.10	-0.16	-0.36	-
Free Cash Flow	-608.16	-389.96	-148.63	-248.24	-165.42	-
Free Cash Flow Per Share	-1.72	-1.21	-0.59	-1.00	-0.76	-
Gross Margin	21.36%	18.58%	15.09%	75.37%	-	-
Operating Margin	-69.37%	-26.97%	-44.71%	-2449.32%	-	-
Profit Margin	-96.95%	-29.51%	-20.32%	-1285.91%	-	-
Free Cash Flow Margin	-382.86%	-257.79%	-117.18%	-8173.76%	-	-
EBITDA	42.32	61.65	2.38	-70.01	-78.71	-
EBITDA Margin	26.64%	40.75%	1.87%	-	-	-
D&A For EBITDA	152.51	102.45	59.09	4.38	0.01	-
EBIT	-110.19	-40.8	-56.72	-74.39	-78.71	-0.04
EBIT Margin	-69.37%	-26.97%	-44.71%	-	-	-

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q