<span item_type="fundamental" item_id="aafc97833a3a7e0bf2382e581d63449a" counter_id="ST/US/CIFRW" env="prod"></span><span item_type="announcement" item_id="546772380672270209" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 43.57 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -0.12.</p><p>EBIT: As of FY2025 Q2, the actual value is USD -44.86 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Total Revenue for Q2 2025: $44 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span></li><li>Revenue from Bitcoin Mining: $43.565 million for Q2 2025, compared to $36.808 million in Q2 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/ciphermining_businessupd.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: $46 million for Q2 2025, or $0.12 per share.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span></li><li>Adjusted Earnings: $30 million, or $0.08 per diluted share for Q2 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span></li><li>Cost of Revenue: $15.330 million for Q2 2025, compared to $14.281 million in Q2 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span></li><li>Total Costs and Operating Expenses: $88.808 million for Q2 2025, compared to $52.979 million in Q2 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/ciphermining_businessupd.htm"></span></li><li>Operating Loss: $45.243 million for Q2 2025, compared to $16.171 million in Q2 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/ciphermining_businessupd.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Cash and Cash Equivalents: $62.704 million as of June 30, 2025, compared to $5.585 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Self-Mining Capacity: ~16.8 EH/s at the end of Q2 2025, on track to deliver ~23.5 EH/s by the end of Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span></li><li>Convertible Note Offering: Successfully completed $172.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span></li><li>Bitcoin Held: 1,063 BTC in Q2 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/ciphermining_businessupd.htm"></span></li><li>Self-Mining Fleet Efficiency: Improved from ~20.8 J/TH in Q2 2025 to ~16.8 J/TH in Q3 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/ciphermining_businessupd.htm"></span></li></ul><h3>Outlook / Guidance</h3><p>Cipher Mining plans to proceed with a strategic plan at Black Pearl Phase II to support both AI compute and hydro-bitcoin mining, aiming to monetize access to power quickly through HPC tenants or bitcoin mining. The company is positioned to become a leading developer of HPC data centers while continuing to set the standard in bitcoin mining.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/exh991aug7_earningsxpressr.htm"></span> The company expects to invest approximately $85 billion in CapEx in 2025, up from a previous estimate of $75 billion, with further increases anticipated in 2026 due to customer demand.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/ciphermining_businessupd.htm"></span></p>

Cipher Mining - CW25 | 8-K: FY2025 Q2 Revenue: USD 43.57 M