Revenue: As of FY2025 Q2, the actual value is USD 43.57 M.EPS: As of FY2025 Q2, the actual value is USD -0.12.EBIT: As of FY2025 Q2, the actual value is USD -44.86 M.<h3>Segment Revenue</h3><ul><li>Bitcoin Mining Revenue: $43.6 million for the three months ended June 30, 2025, compared to $36.8 million for the same period in 2024. For the six months ended June 30, 2025, revenue was $92.5 million, compared to $84.9 million for the same period in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Cost of Revenue: $15.3 million for the three months ended June 30, 2025, compared to $14.3 million for the same period in 2024. For the six months ended June 30, 2025, cost of revenue was $30.2 million, compared to $29.1 million for the same period in 2024.</li><li>Compensation and Benefits: $15.7 million for the three months ended June 30, 2025, compared to $16.3 million for the same period in 2024. For the six months ended June 30, 2025, compensation and benefits were $30.0 million, compared to $29.3 million for the same period in 2024.</li><li>General and Administrative Expenses: $9.1 million for the three months ended June 30, 2025, compared to $8.4 million for the same period in 2024. For the six months ended June 30, 2025, general and administrative expenses were $18.0 million, compared to $14.4 million for the same period in 2024.</li><li>Depreciation and Amortization: $44.1 million for the three months ended June 30, 2025, compared to $20.3 million for the same period in 2024. For the six months ended June 30, 2025, depreciation and amortization were $87.6 million, compared to $37.5 million for the same period in 2024.</li><li>Change in Fair Value of Derivative Asset: - $15.5 million for the three months ended June 30, 2025, compared to $22.0 million for the same period in 2024. For the six months ended June 30, 2025, the change in fair value of the derivative asset was - $8.2 million, compared to $29.3 million for the same period in 2024.</li><li>Unrealized Gains (Losses) on Fair Value of Bitcoin: $17.1 million for the three months ended June 30, 2025, compared to - $21.2 million for the same period in 2024. For the six months ended June 30, 2025, unrealized losses on fair value of bitcoin were - $3.0 million, compared to $19.4 million for the same period in 2024.</li><li>Realized Gains (Losses) on Sale of Bitcoin: - $3.6 million for the three months ended June 30, 2025, compared to $4.9 million for the same period in 2024. For the six months ended June 30, 2025, realized gains on sale of bitcoin were $8.6 million, compared to $4.9 million for the same period in 2024.</li><li>Equity in Losses of Equity Investees: - $1.7 million for the three months ended June 30, 2025, compared to - $0.6 million for the same period in 2024. For the six months ended June 30, 2025, equity in losses of equity investees was - $7.0 million, compared to $0.2 million for the same period in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: - $103.5 million for the six months ended June 30, 2025, compared to - $52.0 million for the same period in 2024.</li><li>Net Cash Used in Investing Activities: - $110.5 million for the six months ended June 30, 2025, compared to - $62.3 million for the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $271.0 million for the six months ended June 30, 2025, compared to $150.8 million for the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue expanding its business by developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC), expanding capacity at current data centers, and entering into strategic arrangements such as joint ventures, data center hosting, and leasing agreements.</li><li>Non-Core Business: The company is also exploring software licensing arrangements and other strategic initiatives to diversify its revenue streams.</li><li>Priority: The company aims to be a market leader in innovation, including in bitcoin mining growth, data center construction, and as a hosting partner to HPC companies.</li></ul>

Cipher Mining - CW25 | 10-Q: FY2025 Q2 Revenue: USD 43.57 M