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Cipher Mining (CIFR)
NASDAQ:CIFR
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
0.13Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -41.13%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call for Cipher Mining reflected strong revenue growth, strategic investments, and significant expansion in hashrate, which were offset by increased operating expenses, a net loss for the year, and challenges related to electricity costs at joint ventures. The company's focus on expanding their data center development pipeline and securing investments indicates positive long-term prospects, despite some financial challenges.Company Guidance
In the fourth quarter of 2024, Cipher Mining reported significant growth, generating $42 million in revenue and achieving GAAP net earnings of $18 million, with adjusted earnings of $51 million, up $54 million from the previous quarter. The company's self-mining hashrate increased to 13.5 EH/s, with projections to reach at least 23 EH/s in Q3 2025. Cipher Mining's operational efficiency was highlighted by a competitive electricity cost of $0.027/kWh, contributing to a production cost of approximately $20,281 per Bitcoin. The company is expanding its infrastructure, with plans for a 300-megawatt data center at Black Pearl and potential expansion at Barber Lake to a total of 800 megawatts by 2029. Cipher Mining also secured a $50 million investment from SoftBank to bolster its data center development capabilities. The company continues to explore opportunities in both Bitcoin mining and high-performance computing (HPC) data centers, positioning itself for robust growth in the coming years.Record-Breaking Revenue Growth
Cipher Mining reported a 75% quarter-over-quarter increase in revenue, reaching $42 million in Q4 2024, driven by the successful completion of the Odessa mining rig upgrade and Bitcoin price appreciation.
Significant Hashrate Expansion
Hashrate grew by 88% during the year, from 7.2 EH/s at the end of 2023 to 13.5 EH/s by the end of 2024, highlighting successful fleet upgrades and scaling efforts.
SoftBank Investment
Cipher Mining secured a $50 million investment from SoftBank, strengthening their ability to expand their data center development business.
Strong Adjusted Earnings
Adjusted earnings increased by $61 million to $107 million in 2024, with adjusted earnings per share rising to $0.33 from $0.17 in the previous year.
Low Electricity Costs
Cipher Mining maintained highly competitive all-in electricity costs of roughly $20,281 per Bitcoin produced, with a low weighted average power price of $0.027/kWh.
Strategic Land Acquisitions
Acquired 337 acres of land at Barber Lake, with potential expansion to 800 megawatts, enhancing their data center development pipeline.
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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 |
|---|---|---|---|
| Feb 25, 2025 | $4.96 | $4.10 | -17.34% |
| 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% |
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 May 13, 2025, TBA Not Confirmed.
What is Cipher Mining (CIFR) earnings time?
Cipher Mining (CIFR) earnings time is at May 13, 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 2025 (Q1) is -0.07.
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