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Cipher Mining (CIFR)
NASDAQ:CIFR
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.09Last Year’s EPS
$0.05Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 8.52%
|Next Earnings Date:Feb 28, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in Cipher's data center development and mining capacity, alongside a strong focus on low-cost electricity, positioning the company for future success. However, these positives were offset by revenue decline, increased losses, and a decrease in derivative asset valuation, reflecting challenges in the current market environment.Company Guidance
During the Cipher Mining Q3 2024 earnings call, the company provided several key metrics and strategic updates. By the end of September 2024, Cipher operated 9.3 exahash per second of self-mining capacity, which increased to 10.5 exahash per second following an upgrade in Odessa, with expectations to reach 13.5 exahash per second by year-end. The company maintained a significant bitcoin inventory of 1,508 bitcoins and reported a competitive all-in weighted average power price of $0.027 per kilowatt hour. Additionally, Cipher highlighted their strategic evolution into High Performance Computing (HPC) data centers, with five new acquisitions in Texas. During the quarter, Cipher managed 927 megawatts of power across six data centers, and the Odessa facility, generating 83% of September's bitcoin production with a capacity of 7.1 exahash per second, was undergoing upgrades to reach 11.3 exahash per second. Despite challenges post-halving, Cipher's low-cost fixed price power agreements supported their operations, and the company reported a GAAP net loss of $87 million, with plans to leverage strategic investments for growth in the HPC sector.Expansion into HPC Data Centers
Cipher Mining has evolved its business model to include the development of HPC data centers, securing five greenfield development sites in Texas.
Bitcoin Mining Capacity Growth
Cipher increased its self-mining capacity from 9.3 exahash per second to 10.5 exahash per second within the quarter, with an expected growth to 13.5 exahash per second by year-end.
Low Electricity Costs
Cipher maintains a highly competitive electricity cost of $0.027 per kilowatt hour, a key driver of their unit economics.
Joint Venture Data Centers
Expansion at Bear & Chief sites increased total power capacity to 120 megawatts, generating approximately 4.4 exahash per second.
Black Pearl Data Center Development
The Black Pearl site is progressing on schedule, with a design that supports both air-cooled and liquid-cooled bitcoin mining, anticipated to produce roughly 21.5 exahash per second.
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CIFR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CIFR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $5.28 | $4.93 | -6.63% |
| Aug 13, 2024 | $3.93 | $3.92 | -0.25% |
| May 07, 2024 | $4.47 | $3.79 | -15.21% |
| Mar 05, 2024 | $2.87 | $2.85 | -0.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cipher Mining (CIFR) report earnings?
Cipher Mining (CIFR) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Cipher Mining (CIFR) earnings time?
Cipher Mining (CIFR) earnings time is at Feb 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CIFR EPS forecast?
CIFR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.09.
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