Cipher Mining (CIFR)

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Cipher Mining (CIFR) - 2022 Q2 - Quarterly Report
2022-08-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-39625 CIPHER MINING INC. (Exact Name of Registrant as Specified in its Charter) Delaware 85-1614529 (State or other jurisdiction ...
Cipher Mining (CIFR) - 2022 Q1 - Earnings Call Presentation
2022-05-12 14:21
*: Cipher Mining n: May 2022 Safe Harbor • This presentation has been prepared by Cipher Mining Inc. and is made for informational purposes only. The information set forth herein does not purport to be complete or to contain all of the information you may desire. You must evaluate, and bear all risks associated with, the use of any information provided hereunder, including any reliance on the accuracy, completeness, safety or usefulness of such information. This information is not intended to be used as the ...
Cipher Mining (CIFR) - 2022 Q1 - Earnings Call Transcript
2022-05-10 14:51
Cipher Mining, Inc. (NASDAQ:CIFR) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET Company Participants Tyler Page – Chief Executive Officer Ed Farrel – Chief Financial Officer Lori Barker – Investor Relations Conference Call Participants Kevin Dede – H.C. Wainwright Chris Brendler – D.A Davidson Presentation Operator Hello, and welcome to the CIFR Mining First-Quarter 2022 Business Update Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, ther ...
Cipher Mining (CIFR) - 2022 Q1 - Quarterly Report
2022-05-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------|----------- ...
Cipher Mining (CIFR) - 2021 Q4 - Earnings Call Transcript
2022-03-04 19:15
Financial Data and Key Metrics Changes - The company reported a net loss of approximately $72.1 million for the 11 months ended December 31, primarily driven by $63.8 million in stock-based compensation and $8.3 million in corporate-related expenses [25][26] - The anticipated weighted average cost for mining rigs is $42.81 per terahash, with an efficiency of 33.8 joules per terahash, and a power price of $0.0273 per kilowatt hour [22] Business Line Data and Key Metrics Changes - Cipher Mining commenced Bitcoin mining operations in February 2022, marking a transition from a pre-revenue company to an operational entity [6][8] - The company has made significant progress in deploying data centers, fulfilling commitments related to mining rigs and infrastructure [23] Market Data and Key Metrics Changes - Bitcoin prices have experienced volatility, losing about one-third of their value since reaching all-time highs in November [15] - The mining rig market is evolving, with new generations of miners being launched and competitive pricing observed in the secondary market [16] Company Strategy and Development Direction - Cipher Mining aims to be the preferred platform for the U.S. power industry to access Bitcoin mining, focusing on long-term power purchase agreements and innovative deal structures [7][9] - The company is positioning itself to take advantage of economies of scale in Bitcoin mining, negotiating better pricing for power and mining rigs [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the regulatory environment for Bitcoin, noting a growing acknowledgment of Bitcoin's role in the financial landscape [39][40] - The company is focused on cost discipline and flexibility in its operations to navigate the volatile market conditions [42] Other Important Information - Cipher Mining has signed a joint venture term sheet for an 80-megawatt site in Texas and a power purchase agreement for a 200-megawatt facility powered by solar energy [8][9] - The company is targeting carbon neutrality via offsets by the end of 2023, with a focus on renewable energy sources [34] Q&A Session Summary Question: Can you provide an update on the Bitfury situation and their chipset development? - Management confirmed a 7-year contract with Bitfury, with rigs expected to be delivered in the second half of 2022, but they are exercising flexibility by not moving forward with the 2022 purchase [28] Question: What is the power setup at the Alborz site? - Alborz is powered entirely by wind, with a back-to-back power purchase agreement in place, and the site is sized appropriately to manage uptime based on historical wind production [30][31] Question: What is the anticipated renewable energy mix for 2022? - The company expects to have about half the typical emissions per megawatt hour in the U.S., with a mix of wind, natural gas, and grid connections across its sites [34] Question: Has there been any change in the timing or supply for Bitmain and MicroBT systems? - There have been no changes to the deployment schedule for Bitmain and MicroBT, with 87,000 rigs contracted [37] Question: Are there inflationary pricing pressures on deployment costs? - The increase in the average anticipated cost of mining rigs is attributed to the removal of Bitfury rigs, not inflationary pressures [38]
Cipher Mining (CIFR) - 2021 Q4 - Earnings Call Presentation
2022-03-04 17:55
°::: Cipher Mining March 2022 Safe Harbor • This presentation has been prepared by Cipher Mining Inc. and is made for informational purposes only. The information set forth herein does not purport to be complete or to contain all of the information you may desire. You must evaluate, and bear all risks associated with, the use of any information provided hereunder, including any reliance on the accuracy, completeness, safety or usefulness of such information. This information is not intended to be used as th ...
Cipher Mining (CIFR) - 2021 Q4 - Annual Report
2022-03-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-39625 Cipher Mining Inc. (Exact name of Registrant as specified in its Charter) Delaware 85-1614529 (State or other jurisdiction of ...
Cipher Mining (CIFR) - 2021 Q3 - Earnings Call Transcript
2021-11-12 16:59
Cipher Mining, Inc. (NASDAQ:CIFR) Q3 2021 Results Conference Call November 12, 2021 8:00 AM ET Company Participants Lori Barker - Blueshirt Group IR Tyler Page - CEO Ed Farrell - CFO Conference Call Participants Aaron Rakers - Wells Fargo Kevin Dede - HCW Operator Good day. And thank you for standing by. Welcome to the Cipher Mining Third Quarter 2021 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-answ ...
Cipher Mining (CIFR) - 2021 Q3 - Quarterly Report
2021-11-11 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-39625 CIPHER MINING INC. (Exact Name of Registrant as Specified in its Charter) Delaware 85-1614529 (State or other jurisdi ...
Cipher Mining (CIFR) - 2021 Q2 - Quarterly Report
2021-08-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39625 GOOD WORKS ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |----------------------- ...