| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -114,316 | -734,205 | -3,283 | -45,781 |
| Depreciation | NaN | NaN | 59,337 | 43,889 |
| Amortization of intangible assets | NaN | NaN | 211 | 199 |
| Depreciation and amortization | 19,014 | 198,973 | NaN | NaN |
| Amortization of operating right-of-use asset | 592 | 441 | 440 | 396 |
| Share-based compensation | 27,048 | 24,957 | 8,205 | 10,493 |
| Equity in losses of equity investees | -1,601 | -12,350 | -1,479 | -1,701 |
| Write-down of assets held for sale | 7,437 | 96,056 | NaN | NaN |
| Loss on disposal of assets | -10,434 | -30,761 | -33 | 0 |
| Impairment of property and equipment | NaN | 45,317 | NaN | NaN |
| Amortization of debt discount and issuance costs | 59,158 | 17,932 | NaN | NaN |
| Non-cash lease expense | NaN | 219 | 247 | 570 |
| Other operating activities | NaN | NaN | 0 | 0 |
| Deferred income taxes | NaN | -3,870 | 464 | -863 |
| Income taxes | 407 | NaN | NaN | NaN |
| Non-cash consideration received for services | 34,838 | 59,720 | 72,587 | 91,544 |
| Change in fair value of derivative asset | NaN | NaN | NaN | -15,480 |
| Change in fair value of derivative assets | NaN | 26,122 | -9,921 | NaN |
| Change in fair value of power purchase agreement | -28,230 | NaN | NaN | NaN |
| Change in fair value of warrant liability | -43,610 | 12,570 | -31,860 | 0 |
| Change in fair value of embedded derivative | NaN | -450,440 | NaN | NaN |
| Change in fair value of investments at fair value | -16,529 | NaN | NaN | NaN |
| Change in fair value of bitcoin collateral | 0 | 0 | 0 | -8,486 |
| Change in fair value of bitcoin loan | 0 | 1 | 0 | -1,828 |
| Change in unrealized (gains) losses on fair value of bitcoin | 3,760 | -38,676 | 108 | 17,143 |
| Realized losses (gains) on sale of bitcoin | -24,223 | -8,966 | 7,535 | -3,639 |
| Accounts receivable | NaN | NaN | -879 | 817 |
| Receivables, related party | NaN | NaN | 59 | -51 |
| Prepaid expenses and other current assets | NaN | NaN | 5,370 | -4,373 |
| Security deposits | NaN | NaN | -1,749 | -5,981 |
| Other non-current assets | NaN | NaN | 3,622 | -9 |
| Accounts payable | NaN | NaN | -2,529 | -2,695 |
| Accounts payable, related party | NaN | NaN | 0 | 0 |
| Accrued expenses and other liabilities | NaN | NaN | 2,421 | -39,047 |
| Decrease in operating assets | -10,070 | NaN | NaN | NaN |
| Lease liabilities | NaN | NaN | -334 | -282 |
| Changes in operating assets and liabilities | NaN | 68,046 | NaN | NaN |
| Increase / (decrease) in operating liabilities | 83,312 | NaN | NaN | NaN |
| Net cash provided by (used in) operating activities | 91,531 | -54,432 | -50,051 | -56,217 |
| Proceeds from sale of bitcoin | 66,771 | 64,511 | 28,874 | 31,347 |
| Purchases of bitcoin | NaN | 2,430 | NaN | NaN |
| Deposits on equipment | NaN | 3,940 | -161,444 | 87,273 |
| Proceeds from disposal of assets | 22,031 | NaN | NaN | NaN |
| Purchases of property and equipment | 553,990 | 225,886 | 206,168 | 31,297 |
| Purchases and development of software | 0 | 299 | 408 | 383 |
| Purchases of strategic contracts | NaN | 32,554 | 0 | NaN |
| Distributions paid to non-controlling interest | 4,640 | NaN | NaN | NaN |
| Investment in equity investees | 4,374 | 4,559 | 4,726 | 5,566 |
| Capital distributions from equity investees | NaN | 0 | NaN | NaN |
| Prepayments on financing lease | NaN | 0 | NaN | NaN |
| Net cash used in investing activities | -474,202 | -205,157 | -20,984 | -93,172 |
| Proceeds from notes, net of issuance costs | 1,969,780 | 3,145,829 | NaN | NaN |
| Proceeds from the issuance of common stock, net of offering costs | 0 | 76,623 | 32,052 | 52,274 |
| Offering costs paid for the issuance of common stock | NaN | NaN | 320 | 788 |
| Proceeds from issuance of convertible notes, net of issuance costs | NaN | NaN | 1,270,282 | 167,113 |
| Proceeds from treasury stock reissued for pipe investment | 0 | 0 | 0 | 0 |
| Purchase of capped call options | NaN | 0 | 82,680 | NaN |
| Repurchase of common shares to pay employee withholding taxes | 3,781 | 82,300 | 2,968 | 3,173 |
| Proceeds from loan | NaN | 0 | NaN | NaN |
| Principal payments on loan | NaN | 0 | 0 | 25,000 |
| Principal payments on financing lease | 1,621 | 1,209 | 1,208 | 1,506 |
| Net cash provided by financing activities | 1,964,378 | 1,703,001 | 1,215,158 | 188,920 |
| Net increase in cash, cash equivalents, and restricted cash | 1,581,707 | 1,443,412 | 1,144,123 | 39,531 |
| Cash, cash equivalents, and restricted cash, beginning of the period | 2,664,631 | 1,221,219 | 77,096 | 37,565 |
| Cash and cash equivalents, and restricted cash, end of the period | 4,246,338 | 2,664,631 | 1,221,219 | 77,096 |
Cipher Digital Inc. (CIFR)
Cipher Digital Inc. (CIFR)