The earnings call showcased significant achievements in operational growth and strategic planning, including exceeding growth targets and successful debt management. However, challenges such as a sequential revenue decline and a reported GAAP net loss were notable. Despite these hurdles, the company's strategic investments and future plans suggest a strong potential for growth.

Company Guidance

During the second quarter of 2025, Cipher Mining reported substantial progress and exceeded previous guidance across key metrics. The company grew its Bitcoin holdings from 1,034 to 1,063 Bitcoin, while paying off all short-term borrowings. Cipher's Bitcoin mining operations at the Black Pearl data center commenced ahead of schedule, achieving an impressive 16.8 exahash per second compared to the initial target of 16 exahash per second. By the end of the third quarter, Cipher anticipates reaching 23.5 exahash per second. The company also executed new miner orders to enhance efficiency, bringing fleet efficiency to 20.8 joules per terahash, with expectations to improve to 16.8 joules per terahash once the new fleet is fully deployed. Cipher's competitive all-in weighted average power cost stands at $0.031 per kilowatt hour, with the company actively participating in ERCOT's ancillary services market for additional revenue. Furthermore, Cipher's current operating capacity reached 477 megawatts, with potential expansion up to 2.6 gigawatts in the future. The company also successfully leveraged its first convertible offering to raise approximately $168 million, supporting strategic growth initiatives without significant dilution.

Exceeded Growth Guidance

Cipher exceeded its prior growth guidance, achieving a hash rate of 16.8 exahash per second by the end of Q2, surpassing the initial target of 16 exahash per second.

Bitcoin Holdings and Debt Clearance

Increased Bitcoin holdings from 1,034 to 1,063 and paid off all short-term borrowings.

Black Pearl Data Center Ahead of Schedule

Achieved Bitcoin mining at Black Pearl data center ahead of schedule.

Increased Revenue from Previous Year

Cipher reported $44 million in revenue in Q2 2025, a $7 million increase compared to Q2 2024.

Convertible Offering Success

Successfully raised approximately $168 million through a convertible offering, strategically used to fund Black Pearl Phase 1.

Operational Efficiency

Maintained competitive power costs and continued strategic investments in data center and mining operations.

Cipher Mining (CIFR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CIFR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-0.03 / -	-0.26	―	―	―
Aug 07, 2025	2025 (Q2)	-0.07 / -0.12	-0.05	-140.00% (-0.07)
May 06, 2025	2025 (Q1)	-0.07 / -0.11	0.13	-184.62% (-0.24)
Feb 25, 2025	2024 (Q4)	-0.05 / 0.05	0.05	0.00% (0.00)
Oct 31, 2024	2024 (Q3)	-0.07 / -0.26	-0.07	-271.43% (-0.19)
Aug 13, 2024	2024 (Q2)	-0.04 / -0.05	-0.05	0.00% (0.00)
May 07, 2024	2024 (Q1)	<0.01 / 0.13	-0.03	533.33% (+0.16)
Mar 05, 2024	2023 (Q4)	-0.04 / 0.05	-0.21	123.81% (+0.26)
Nov 08, 2023	2023 (Q3)	-0.05 / -0.07	-0.06	-16.67% (-0.01)
Aug 08, 2023	2023 (Q2)	-0.03 / -0.05	-0.12	58.33% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CIFR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$5.21	$4.87	-6.53%
May 06, 2025	$2.98	$3.04	+2.01%
Feb 25, 2025	$4.96	$4.10	-17.34%
Oct 31, 2024	$5.28	$4.93	-6.63%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cipher Mining Inc. (CIFR) report earnings?

Cipher Mining Inc. (CIFR) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Cipher Mining Inc. (CIFR) earnings time?

Cipher Mining Inc. (CIFR) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CIFR EPS forecast?

CIFR EPS forecast for the fiscal quarter 2025 (Q3) is -0.03.

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