Cipher Mining Inc

NASDAQ:CIFRUnited States

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• Cipher Mining Shares Fall After Swinging to Q3 Adjusted Loss on Lower Revenue, from 12 hours ago by MT Newswires

  12 hours ago by MT Newswires
  Companies Mentioned: CIFR
  10:31 AM EDT, 10/31/2024 (MT Newswires) -- Cipher Mining (CIFR) shares were down over 7% in recent Thursday trading after the company posted an adjusted loss in Q3 with revenue decreasing year-over-year. The company reported Q3 adjusted loss of $0.0...

• -- Earnings Flash (CIFR) CIPHER MINING Posts Q3 Loss $-0.01, from 15 hours ago by MT Newswires

  15 hours ago by MT Newswires
  Companies Mentioned: CIFR
  07:04 AM EDT, 10/31/2024 (MT Newswires) -- ...

• Cipher Mining Provides Third Quarter 2024 Business Update, from 15 hours ago by Dow Jones

  15 hours ago by Dow Jones
  Companies Mentioned: CIFR
  2024 2023 ----------- Cash flows from operating activities Net loss $ (62,145) $ (36,372) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation 65,661 42,284 Amortization of intangible assets 470 - Amortization of operating right-of-use asset 888 688 Share-based compensation 31,865 28,687 Equity in losses (gains) of equity investees (1,008) 4,179 Non-cash lease expense 429 1,477 Other (1,235) - Deferred income taxes 1,358 (555) Bitcoin received as payment for services (109,443) (83,161) Change in fair value of derivative asset 19,181 (13,294) Change in fair value of warrant liability (250) 49 Gains on fair value of bitcoin (22,336) (3,276) Changes in assets and liabilities: Accounts receivable 396 (262) Receivables, related party 186 (958) Prepaid expenses and other current assets 182 3,238 Security deposits 16,851 144 Other non-current assets (210) - Accounts payable 565 2,366 Accounts payable, related party - (1,529) Accrued expenses and other current liabilities 62 10,732 Lease liabilities - (762) -------------- ----------- Net cash used in operating activities (58,533) (46,325) Cash flows from investing activities Proceeds from sale of bitcoin 79,786 78,729 Deposits on equipment (135,263) (4,533) Purchases of property and equipment (92,373) (32,980) Purchases and development of software (1,059) - Purchase of strategic contracts (17,044) - Capital distributions from equity investees - 3,807 Investment in equity investees (29,194) (3,545) Prepayments on financing lease - (3,676) -------------- ----------- Net cash (used in) provided by investing activities (195,147) 37,802 -------------- ----------- Cash flows from financing activities Proceeds from the issuance of common stock 225,181 11,644 Offering costs paid for the issuance of common stock (3,487) (298) Repurchase of common shares to pay employee withholding taxes (10,760) (3,224) Principal payments on financing lease (3,625) (8,184) -------------- ----------- Net cash provided by (used in) financing activities 207,309 (62) -------------- ----------- Net decrease in cash, cash equivalents, and restricted cash (46,371) (8,585) Cash, cash equivalents, and restricted cash, beginning of the period 86,105 11,927 -------------- ----------- Cash and cash equivalents, and restricted cash, end of the period $ 39,734 $ 3,342 ============== =========== Nine Months Ended September 30, --------------------------------------- 2024 2023 ------------- Supplemental disclosure of noncash investing and financing activities Reclassification of deposits on equipment to property and equipment $ 21,502 $ 74,186 Property and equipment purchases in accounts payable and accrued expenses $ 17,422 $ - Bitcoin received from equity investees $ 10,487 $ 317 Settlement of related party payable related to master services and supply agreement $ 1,554 $ - Right-of-use asset obtained in exchange for finance lease liability $ 4,375 $ 14,212 Sales tax accrual on machine purchases $ 1,388 $ 1,837 Equity method investment acquired for non-cash consideration $ - $ 1,926 Finance lease cost in accrued expenses $ - $ 2,060
  

• Press Release: Cipher Mining Provides Third Quarter 2024 Business Update, from 15 hours ago by Dow Jones

  15 hours ago by Dow Jones
  Companies Mentioned: CIFR