For the quarter ending 2025-09-30, CIFRW had $1,144,123K increase in cash & cash equivalents over the period. -$256,219K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net loss | -3,283 | -45,781 | -38,975 | 17,510 |
| Depreciation | 59,337 | 43,889 | 43,277 | 36,137 |
| Amortization of intangible assets | 211 | 199 | 189 | 180 |
| Amortization of operating right-of-use asset | 440 | 396 | 369 | 361 |
| Share-based compensation | 8,205 | 10,493 | 9,132 | 10,267 |
| Equity in losses (gains) of equity investees | -1,479 | -1,701 | -5,292 | -1,392 |
| Loss on disposal of assets | -33 | 0 | -633 | -290 |
| Non-cash lease expense | 247 | 570 | 0 | 490 |
| Other operating activities | 0 | 0 | 0 | - |
| Income taxes | 464 | -1,007 | 144 | -937 |
| Bitcoin received as payment for services | - | - | - | 260,739 |
| Non-cash consideration received for services | 72,587 | 42,747 | 48,797 | - |
| Change in fair value of derivative asset | - | -15,480 | 7,330 | 11,260 |
| Change in fair value of derivative assets | -9,921 | - | - | - |
| Change in fair value of warrant liability | -31,860 | 0 | 0 | 0 |
| Change in fair value of bitcoin collateral | 0 | -8,486 | 2,755 | -546 |
| Change in fair value of bitcoin loan | 0 | -1,828 | 1,046 | 669 |
| Unrealized loss on fair value of bitcoin | 108 | 17,143 | -20,178 | 11,313 |
| Realized gains on sale of bitcoin | 7,535 | -3,639 | 12,196 | 51,548 |
| Accounts receivable | -879 | 817 | 162 | 370 |
| Receivables, related party | 59 | -51 | -1,790 | 2,031 |
| Prepaid expenses and other current assets | 5,370 | -4,373 | -418 | -101 |
| Security deposits | -1,749 | -5,981 | -7 | 4,481 |
| Other non-current assets | 3,622 | -9 | 737 | 3,748 |
| Accounts payable | -2,529 | -2,695 | -8,745 | 7,432 |
| Accounts payable, related party | 0 | 0 | - | 0 |
| Accrued expenses and other current liabilities | - | - | -13,179 | 3,405 |
| Accrued expenses and other liabilities | 2,421 | -39,047 | - | - |
| Lease liabilities | -334 | -282 | -255 | 0 |
| Net cash used in operating activities | -50,051 | -56,217 | -47,238 | -28,978 |
| Proceeds from sale of bitcoin | 28,874 | 31,347 | 90,005 | 69,084 |
| Deposits on equipment | -161,444 | 87,273 | 75,105 | 27,695 |
| Purchases of property and equipment | 206,168 | 31,297 | 24,570 | 47,122 |
| Purchases and development of software | 408 | 383 | 352 | 364 |
| Capital distributions from equity investees | - | - | - | 0 |
| Investment in equity investees | 4,726 | 5,566 | 7,276 | 7,929 |
| Prepayments on financing lease | - | - | - | 0 |
| Purchase of strategic contracts | 0 | - | - | - |
| Net cash used in investing activities | -20,984 | -93,172 | -17,298 | 3,018 |
| Proceeds from treasury stock reissued for pipe investment | 0 | 0 | 50,000 | - |
| Proceeds from the issuance of common stock | 32,052 | 52,274 | 34,524 | 0 |
| Offering costs paid for the issuance of common stock | 320 | 788 | 345 | 0 |
| Proceeds from issuance of convertible notes, net of issuance costs | 1,270,282 | 167,113 | - | - |
| Purchase of capped call options | 82,680 | - | - | - |
| Repurchase of common shares to pay employee withholding taxes | 2,968 | 3,173 | 1,144 | 16,881 |
| Proceeds from loans | - | - | - | 25,000 |
| Principal payments on loan | 0 | 25,000 | - | - |
| Principal payments on financing lease | 1,208 | 1,506 | 911 | 1,916 |
| Net cash provided by financing activities | 1,215,158 | 188,920 | 82,124 | 6,203 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 1,144,123 | 39,531 | 17,588 | -19,757 |
| Cash and cash equivalents at beginning of period | 77,096 | 37,565 | 19,977 | 39,734 |
| Cash and cash equivalents at end of period | 1,221,219 | 77,096 | 37,565 | 19,977 |
Cipher Mining Inc. (CIFRW)
Cipher Mining Inc. (CIFRW)