---
title: "Cipher Mining | 8-K: FY2025 Q2 Revenue Misses Estimate at USD 43.57 M"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/252019761.md"
published_at: "2025-08-07T11:19:24.000Z"
---

# Cipher Mining | 8-K: FY2025 Q2 Revenue Misses Estimate at USD 43.57 M

Revenue: As of FY2025 Q2, the actual value is USD 43.57 M, missing the estimate of USD 51.41 M.

EPS: As of FY2025 Q2, the actual value is USD -0.12, missing the estimate of USD -0.0778.

EBIT: As of FY2025 Q2, the actual value is USD -44.86 M.

### Financial Metrics by Segment

#### Segment Revenue

-   **Bitcoin Mining Revenue**: $43.565 million for the three months ended June 30, 2025, compared to $36.808 million for the same period in 2024. For the six months ended June 30, 2025, revenue was $92.524 million, compared to $84.945 million in 2024.

#### Operational Metrics

-   **Net Loss**: $46 million for Q2 2025, or $0.12 per share, compared to a net loss of $15.291 million for the same period in 2024.
-   **Adjusted Earnings**: $30 million for Q2 2025, or $0.08 per diluted share.
-   **Operating Loss**: $45.243 million for Q2 2025, compared to $16.171 million for the same period in 2024.
-   **Total Costs and Operating Expenses**: $88.808 million for Q2 2025, compared to $52.979 million for the same period in 2024.

#### Cash Flow

-   **Cash and Cash Equivalents**: $62.704 million as of June 30, 2025, compared to $5.585 million as of December 31, 2024.

#### Unique Metrics

-   **Self-Mining Capacity**: Achieved ~16.8 EH/s by the end of Q2 2025, with a target of ~23.5 EH/s by the end of Q3 2025.
-   **Convertible Note Offering**: Successfully completed a $172.5 million offering.
-   **BTC Holdings**: The company held 1,063 BTC in Q2 2025, up from 1,034 BTC in Q1 2025.
-   **Self-Mining Fleet Efficiency**: Improved from ~20.8 J/TH in Q2 2025 to ~16.8 J/TH in Q3 2025.

#### Outlook / Guidance

Cipher Mining Inc. plans to continue expanding its self-mining capacity and expects to reach ~23.5 EH/s by the end of the third quarter of 2025. The company is also developing infrastructure at Black Pearl Phase II to support both hydro-bitcoin mining and HPC compute applications, aiming to monetize access to power quickly through HPC tenants or bitcoin mining.

### Related Stocks

- [CIFR.US - Cipher Mining](https://longbridge.com/en/quote/CIFR.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 根據彭博新聞報道，Cipher 的 20 億美元垃圾債券銷售吸引了訂單，其價值是債券規模的 6 倍 | -- 來源鏈接：注意：路透社尚未核實此故事，也不對其準確性作出保證 | [Link](https://longbridge.com/en/news/274860579.md) |
| 下一個可能讓你發財的區塊鏈股票 | 戰略轉變為 Cipher Mining 帶來了數十億美元的合同 | [Link](https://longbridge.com/en/news/272870680.md) |
| 期權熱點｜周一 CIFR 大漲 13%，部分看漲期權飆升 240% | 美東時間 2026-02-09，Cipher Mining Inc.期權總成交 117856 張，看漲期權佔比 83%，看跌期權佔比 16%。 | [Link](https://longbridge.com/en/news/275400953.md) |
| Cipher Mining Inc. 將參與主要的投資者和行業會議 | Cipher Mining Inc. 將參加即將舉行的多個行業會議，包括 2026 年 1 月 13 日的第 28 屆 Needham 增長會議、2026 年 3 月 2 日的 Jefferies 電力、能源、清潔能源與公用事業會議，以及  | [Link](https://longbridge.com/en/news/271983229.md) |
| 馮託貝爾控股有限公司削減了其在 Cipher Mining Inc. $CIFR 的持股 | Vontobel Holding Ltd. 在第三季度大幅減少了對 Cipher Mining Inc. (NASDAQ:CIFR) 的持股，減少幅度達到 87.8%，目前持有 11,548 股，價值 145,000 美元。其他機構投資者也 | [Link](https://longbridge.com/en/news/271277048.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.