---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-025393"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:00:37.669957+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cipher Mining reports Q4 GAAP net income $10.6M; FY 2023 revenue $126.8M

## Summary
- Q4 2023 GAAP net income $10.6M; non-GAAP net income $27.8M.
- Full year 2023 revenue $126.8M; first quarter with all four data centers at full capacity.
- Hash rate increased to 7.4 EH/s in Q1 2024; targeting 9.3 EH/s by Q3 2024 and 25 EH/s by end 2025.
- Acquired 300 MW Black Pearl facility; construction started for partial energization Q2 2025.

## SEC filing metadata
- accession: 0000950170-24-025393
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025393/0000950170-24-025393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025393/cifr-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-025393
- JSON: https://secwatch.observer/filing/0000950170-24-025393.json
- Plain text: https://secwatch.observer/filing/0000950170-24-025393.txt

## Key facts
- Earnings Releases
  Cipher Digital Inc. reported the fourth quarter ended December 31, 2023 results: net income GAAP Earnings of $10.6m and Non-GAAP Earnings of $27.8m.
  - Period: the fourth quarter ended December 31, 2023
  - Net income: GAAP Earnings of $10.6m and Non-GAAP Earnings of $27.8m
  - Result: reported results
  source text: Fourth Quarter GAAP Earnings of $10.6m and Non-GAAP Earnings of $27.8m
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025393/0000950170-24-025393-index.htm
- Earnings Releases
  Cipher Digital Inc. reported the year ended December 31, 2023 results: revenue Full Year 2023 Revenues of $126.8m.
  - Period: the year ended December 31, 2023
  - Revenue: Full Year 2023 Revenues of $126.8m
  - Result: reported results
  source text: X-99.1 Exhibit 99.1 Cipher Mining Provides Fourth Quarter and Full Year 2023 Business Update Fourth Quarter GAAP Earnings of $10.6m and Non-GAAP Earnings of $27.8m Full Year 2023 Revenues of $126.8m Increased Hash Rate to 7.4 EH/s in First Quarter 2024 and on track to reach 9.3 EH/s by end of Third Quarter 2024, with potential to grow to 25 EH/s by the end of 2025 NEW YORK—March 5, 2024— Cipher Mining Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819989/000095017024025393/0000950170-24-025393-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.