NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for May 2025. Key Highlights Key MetricsMay 2025BTC Mined1179BTC Sold64BTC Held2966Deployed Mining Rigs75,000Month End Operating Hashrate (EH/s)13.5Month End Fleet Efficiency (J/TH)18.9 1 Includes May power sales estimates (based on current meter dat ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cipher Mining Inc. (CIFR) .Cipher Mining currently has an average brokerage recommendation (ABR ...

Core Viewpoint - Cipher Mining Inc. has announced a public offering of $150 million in convertible senior notes due 2030, with a potential additional $22.5 million for over-allotments, aimed at financing its data center project and other corporate purposes [1][5]. Group 1: Offering Details - The notes will have a 1.75% annual interest rate, payable semi-annually, and will mature on May 15, 2030 [2]. - The initial conversion rate is set at 224.9213 shares of common stock per $1,000 principal amount of notes, equating to an initial conversion price of approximately $4.45 per share, representing a 30% premium over the concurrent public offering price of $3.42 per share [2]. - The notes can be redeemed by the company starting May 22, 2028, if the stock price exceeds 130% of the conversion price for a specified period [3]. Group 2: Use of Proceeds - The net proceeds from the offering are expected to be $145.875 million, which will be used to complete Phase 1 of the Black Pearl data center project, including purchasing mining rigs, paying tariffs, and other infrastructure-related expenditures [5]. - An amendment to the Future Sales and Purchase Agreement with Bitmain Technologies has been made to accelerate rig delivery and reduce costs by 10% [5]. Group 3: Concurrent Offering - Concurrently, Morgan Stanley will offer 17,540,000 shares of Cipher's common stock at $3.42 per share to facilitate hedging transactions related to the notes offering [6][7]. - The completion of the notes offering is contingent on the successful completion of the concurrent delta offering [7]. Group 4: Company Overview - Cipher focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting, aiming to be a market leader in innovation within the sector [10].

NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a public offering registered under the Securities Act of 1933, as amended. Cipher also expects to grant the underwriters of the notes offering an option to purchase up to an additional $22,500,000 aggregate principal amount of notes ...

Cipher Mining (CIFR) FY Conference May 19, 2025 09:45 AM ET Speaker0 Yeah. Well, good morning, everybody, and thank you for joining us here today for a discussion on crypto mining. We have three of the top crypto mining companies in the world here with us today, Fifth Year, Cypher, and Greenspark. Thank you all for joining us. Let's start, and why don't we take a moment for you to just introduce yourselves and tell us a little bit about your respective companies. Alright, sir. Carrie Vicarelli, chief branch ...

Cipher Mining Inc. (CIFR) came out with a quarterly loss of $0.11 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced earnings of $0.06, delivering a surprise of 160%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Cipher Mining, which belongs to the ...

Revenue and Financial Performance - Revenue for the three months ended March 31, 2025, was $49.0 million, an increase of 1.8% from $48.1 million in the same period of 2024, driven by higher average bitcoin prices despite a decrease in bitcoin mined due to the halving [165]. - The net loss for the three months ended March 31, 2025, was $39.0 million, compared to a net income of $39.9 million in the same period of 2024, reflecting a decrease of $78.9 million [182]. - Adjusted earnings for the three months ended March 31, 2025, were $6.138 million, down from $63.030 million in 2024 [193]. Costs and Expenses - The cost of revenue for the same period was $14.9 million, slightly up from $14.8 million in 2024, primarily due to fixed power costs under the Power Purchase Agreement [166]. - Compensation and benefits increased to $14.3 million in Q1 2025, up $1.3 million from $13.0 million in Q1 2024, attributed to a rise in headcount [167]. - General and administrative expenses rose to $9.0 million, an increase of $2.9 million compared to $6.1 million in the prior year, mainly due to higher legal and professional fees [168]. - Depreciation and amortization expenses surged to $43.5 million, up $26.3 million from $17.2 million in Q1 2024, due to increased mining equipment and a change in estimated useful life of miners [169]. - Share-based compensation expense for the three months ended March 31, 2025, was $9.132 million, compared to $8.317 million in 2024 [193]. Cash Flow and Liquidity - Cash used in operations was $47.2 million for Q1 2025, an increase of $20.6 million from $26.6 million in Q1 2024 [182]. - Cash used in investing activities decreased by $13.7 million to $17.3 million for the three months ended March 31, 2025, compared to $31.0 million for the same period in 2024 [183]. - Cash flows from financing activities increased by $22.0 million to $82.1 million for the three months ended March 31, 2025, driven by a $50.0 million increase in proceeds from treasury stock reissued for PIPE investment [184]. - As of March 31, 2025, the company had cash and cash equivalents of $23.2 million and total stockholders' equity of $734.8 million [177]. - The company has a secured line of credit of up to $25.0 million under the Coinbase Overnight Credit Facility, with $25.0 million drawn as of March 31, 2025 [178]. Inventory and Assets - The ending balance of Bitcoin inventory as of March 31, 2025, was 630 BTC, valued at $52.0 million [162]. - The company held 630 bitcoin in inventory as of March 31, 2025, with a potential $3.9 million increase in net loss from a 10% decrease in bitcoin price [199]. Lease and Agreements - Monthly rent payments for the amended lease agreement for office space are approximately $0.2 million, with a term through May 2029 [185]. - The Combined Luminant Lease Agreement commenced on November 22, 2022, with an initial term of five years and an amended payment schedule totaling $19.7 million due over the remaining four-year period starting in July 2023 [189]. Other Financial Metrics - A 10% decrease in power prices would result in an estimated $17.1 million decrease in the estimated fair value of the derivative asset and an increase in net loss for the three months ended March 31, 2025 [200]. - The company had a $31.6 million decrease in proceeds from the issuance of common stock during the three months ended March 31, 2025 [184].

Cipher Mining (CIFR) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Courtney Knight - Head of Investor RelationsTyler Page - Chief Executive OfficerEd Farrell - Chief Financial OfficerBrett Knoblauch - Managing DirectorJoseph Vafi - Managing Director, Equity ResearchGregory Lewis - Managing DirectorMike Grondahl - Head of Equities & Director of Research Conference Call Participants Paul Golding - Senior Analyst - Life Style and PaymentsChris Brendler - Senior Research Analyst Operator G ...

Presentation for Business Update MAY 6, 2025 Forward-Looking Statements This communication contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in ...

Cipher Mining (CIFR) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good day and thank you for standing by. Welcome to the Cipher Mining First Quarter twenty twenty five Business Update Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Courtney Knight, Head of Investor ...