| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net loss | -88,039 | -84,756 | -38,975 | -62,145 |
| Depreciation | 146,503 | 87,166 | 43,277 | 65,661 |
| Amortization of intangible assets | 599 | 388 | 189 | 470 |
| Amortization of operating right-of-use asset | 1,205 | 765 | 369 | 888 |
| Share-based compensation | 27,830 | 19,625 | 9,132 | 31,865 |
| Equity in losses (gains) of equity investees | -8,472 | -6,993 | -5,292 | 1,008 |
| Loss on disposal of assets | -666 | -633 | -633 | - |
| Non-cash lease expense | 817 | 570 | 0 | 429 |
| Other | - | - | - | 1,235 |
| Other operating activities | 0 | 0 | 0 | - |
| Income taxes | -399 | -863 | 144 | 1,358 |
| Bitcoin received as payment for services | - | - | - | -109,443 |
| Non-cash consideration received for services | 164,131 | 91,544 | 48,797 | - |
| Change in fair value of derivative asset | - | -8,150 | 7,330 | -19,181 |
| Change in fair value of derivative assets | -9,921 | - | - | - |
| Change in fair value of warrant liability | -31,860 | 0 | 0 | -250 |
| Change in fair value of bitcoin collateral | -5,731 | -5,731 | 2,755 | - |
| Change in fair value of bitcoin loan | -782 | -782 | 1,046 | - |
| Unrealized loss on fair value of bitcoin | -2,927 | -3,035 | -20,178 | - |
| Gains on fair value of bitcoin | - | - | - | 22,336 |
| Realized gains on sale of bitcoin | 16,092 | 8,557 | 12,196 | - |
| Accounts receivable | 100 | 979 | 162 | -396 |
| Receivables, related party | -1,782 | -1,841 | -1,790 | -186 |
| Prepaid expenses and other current assets | 579 | -4,791 | -418 | -182 |
| Security deposits | -7,737 | -5,988 | -7 | -16,851 |
| Other non-current assets | 4,350 | 728 | 737 | 210 |
| Accounts payable | -13,969 | -11,440 | -8,745 | 565 |
| Accounts payable, related party | 0 | 0 | - | 0 |
| Accrued expenses and other current liabilities | - | - | -13,179 | 62 |
| Accrued expenses and other liabilities | -36,626 | -39,047 | - | - |
| Lease liabilities | -871 | -537 | -255 | 0 |
| Net cash used in operating activities | -153,506 | -103,455 | -47,238 | -58,533 |
| Proceeds from sale of bitcoin | 150,226 | 121,352 | 90,005 | 79,786 |
| Deposits on equipment | 934 | 162,378 | 75,105 | 135,263 |
| Purchases of property and equipment | 262,035 | 55,867 | 24,570 | 92,373 |
| Capital distributions from equity investees | - | - | - | 0 |
| Purchases and development of software | 1,143 | 735 | 352 | 1,059 |
| Investment in equity investees | 17,568 | 12,842 | 7,276 | 29,194 |
| Prepayments on financing lease | - | - | - | 0 |
| Purchase of strategic contracts | 0 | - | - | 17,044 |
| Net cash used in investing activities | -131,454 | -110,470 | -17,298 | -195,147 |
| Proceeds from treasury stock reissued for pipe investment | 50,000 | 50,000 | 50,000 | - |
| Proceeds from the issuance of common stock | 118,850 | 86,798 | 34,524 | 225,181 |
| Offering costs paid for the issuance of common stock | 1,453 | 1,133 | 345 | 3,487 |
| Proceeds from issuance of convertible notes, net of issuance costs | 1,437,395 | 167,113 | - | - |
| Purchase of capped call options | 82,680 | - | - | - |
| Repurchase of common shares to pay employee withholding taxes | 7,285 | 4,317 | 1,144 | 10,760 |
| Principal payments on loan | 25,000 | 25,000 | - | - |
| Principal payments on financing lease | 3,625 | 2,417 | 911 | 3,625 |
| Net cash provided by financing activities | 1,486,202 | 271,044 | 82,124 | 207,309 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 1,201,242 | 57,119 | 17,588 | -46,371 |
| Cash and cash equivalents at beginning of period | 19,977 | 19,977 | 19,977 | 86,105 |
| Cash and cash equivalents at end of period | 1,221,219 | 77,096 | 37,565 | 39,734 |
Cipher Mining Inc. (CIFRW)
Cipher Mining Inc. (CIFRW)