secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-053937
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining Q1 GAAP net income $40M; revenue $48M; hash rate target 25.1 EH/s by end 2025
--------------------------------------------------------------------------------

- GAAP net income of $40M and non-GAAP adjusted earnings of $63M for Q1 2024.
- Revenue of $48M; current self-mining hash rate ~7.7 EH/s.
- On track for ~9.3 EH/s by Q3 2024; target of at least ~25.1 EH/s by end 2025.
- 30 MW expansions at Bear & Chief JV; Black Pearl 300 MW data center construction underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095017024053937/0000950170-24-053937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095017024053937/cifr-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-053937

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer