Revenue: As of FY2025 Q3, the actual value is USD 71.71 M.EPS: As of FY2025 Q3, the actual value is USD -0.01.EBIT: As of FY2025 Q3, the actual value is USD -36.79 M.<h3>Segment Revenue</h3><ul><li>Bitcoin Mining Revenue: For the three months ended September 30, 2025, revenue was $71.7 million, compared to $24.1 million for the same period in 2024. For the nine months ended September 30, 2025, revenue was $164.2 million, compared to $109.0 million in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Cost of Revenue: For the three months ended September 30, 2025, cost of revenue was $26.7 million, compared to $15.1 million in 2024. For the nine months ended September 30, 2025, cost of revenue was $57.0 million, compared to $44.2 million in 2024.</li><li>Operating Loss: For the three months ended September 30, 2025, the operating loss was $37.6 million, compared to $91.4 million in 2024. For the nine months ended September 30, 2025, the operating loss was $120.9 million, compared to $60.8 million in 2024.</li><li>Net Loss: For the three months ended September 30, 2025, the net loss was $3.3 million, compared to $86.8 million in 2024. For the nine months ended September 30, 2025, the net loss was $88.0 million, compared to $62.1 million in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used in operating activities was $153.5 million, compared to $58.5 million in 2024.</li><li>Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was $131.5 million, compared to $195.1 million in 2024.</li><li>Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $1,486.2 million, compared to $207.3 million in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Bitcoin Inventory: As of September 30, 2025, the company held 1,493 bitcoin, with a fair value of $170.3 million.</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 HPC and other compute-intensive applications, scaling pipeline capacity, and pursuing additional strategic arrangements.</li><li>Non-Core Business: The company is constructing a data center for HPC near Colorado City, Texas, and has entered into a lease with Amazon Web Services to provide turnkey space and power for AI workloads.</li></ul>

Cipher Mining - CW25 | 10-Q: FY2025 Q3 Revenue: USD 71.71 M