secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0000950170-24-095751
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining Q2 GAAP net loss $15M; adding 1.7 GW power, targets 35 EH/s by 2025
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- Q2 2024 GAAP net loss $15M ($0.05 diluted share); non-GAAP adjusted loss $3M ($0.01/share).
- Current self-mining hashrate ~8.7 EH/s; targeting ~13.5 EH/s by Q4 2024 and ~35.0 EH/s by end-2025.
- Acquiring 1.7 GW power capacity: Reveille site (up to 200 MW) closing soon; term for option on 1.5 GW sites.
- Construction of 300 MW Black Pearl data center underway; energization expected Q2 2025.
- Odessa site upgrade on track for Q4 2024 to reach ~13.5 EH/s.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000095017024095751/0000950170-24-095751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000095017024095751/cifr-20240813.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-095751

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