Cipher Mining Inc. (CIFR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 VANDERBILT AVENUE
NEW YORK, NY 10017
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86,10511,927209,8411,276
Cash and cash equivalents86,10511,927209,8411,276
Receivables  1,200  
Prepaid expense   13,819297
Derivative instruments and hedges, assets31,87821,071  
Other undisclosed current assets37,51513,537  
Total current assets:155,49847,735223,6601,574
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization11,16014,471  
Operating lease, right-of-use asset7,0775,087  
Property, plant and equipment243,815191,7845,124 
Long-term investments and receivables35,25837,478  
Long-term investments35,25837,478  
Intangible assets, net (including goodwill)8,109   
Intangible assets, net (excluding goodwill)8,109   
Derivative instruments and hedges61,71345,631  
Asset, held-in-trust    170,027
Other undisclosed noncurrent assets43,50776,277125,383 
Total noncurrent assets:410,639370,728130,507170,027
TOTAL ASSETS:566,137418,463354,167171,601
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:22,43933,639499129
Accounts payable  14,286242 
Accrued liabilities22,43919,353257 
Other undisclosed accounts payable and accrued liabilities    129
Debt3,4042,567  
Due to related parties3,083  
Other undisclosed current liabilities7,9501,037  
Total current liabilities:33,79340,326499129
Noncurrent Liabilities
Long-term debt and lease obligation11,12812,229  
Finance lease, liability11,12812,229  
Liabilities, other than long-term debt29,88023,016  
Asset retirement obligations18,39416,682  
Deferred income tax liabilities5,2061,840  
Operating lease, liability6,2804,494  
Other undisclosed noncurrent liabilities   137123
Total noncurrent liabilities:41,00835,245137123
Total liabilities:74,80175,571636252
Temporary equity, carrying amount    170,000
Equity
Equity, attributable to parent491,336342,892353,5311,349
Common stock2962512524
Treasury stock, value(5)(4)(3) 
Additional paid in capital627,822453,854425,4381,451
Accumulated deficit(136,777)(111,209)(72,156)(107)
Total equity:491,336342,892353,5311,349
TOTAL LIABILITIES AND EQUITY:566,137418,463354,167171,601

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues126,8423,037  
Cost of revenue(50,309)(748)  
Gross profit:76,5332,289  
Operating expenses(144,288)(70,836)(72,152) 
Other undisclosed operating income47,64031,126  
Operating income (loss):(20,115)(37,421)(72,152) 
Nonoperating income (expense)
(Investment Income, Nonoperating)
(2,095)208(1) 
Interest and debt expense(1,999)(137)(27) 
Income (loss) from continuing operations before equity method investments, income taxes:(24,209)(37,350)(72,179) 
Other undisclosed income from continuing operations before income taxes1,999137  
Income (loss) from continuing operations before income taxes:(22,210)(37,213)(72,179) 
Income tax expense(3,567)(1,840)  
Income (loss) from continuing operations:(25,777)(39,053)(72,179) 
Loss before gain (loss) on sale of properties:(72,179)
Net income (loss):(25,777)(39,053)(72,179) 
Other undisclosed net income attributable to parent   27 
Net income (loss) available to common stockholders, diluted:(25,777)(39,053)(72,153) 

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(25,777)(39,053)(72,179) 
Comprehensive income (loss), net of tax, attributable to parent:(25,777)(39,053)(72,179) 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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