earnings
confidence high
sentiment positive
materiality 0.75
Cipher Mining Q4 net earnings $18M, adjusted $51M; Odessa upgrade to 13.5 EH/s, Stingray acquisition closed
Cipher Digital Inc.
2024-FY EPS reported
-$0.14
revenue$151,270,000
- Q4 2024 net earnings $18M ($0.05 diluted EPS); adjusted earnings $51M ($0.14 diluted EPS).
- Completed Odessa fleet upgrade, raising total self-mining hashrate to ~13.5 EH/s.
- Acquired Stingray data center site in West Texas with 100 MW front-of-the-meter capacity.
- Acquired 337 acres adjacent to Barber Lake; entered 60-day exclusivity for additional 500 MW HPC data center.
- Pipeline grew to 2.8 GW; Black Pearl Phase I (150 MW, ~9.5 EH/s) on track for Q2 2025 energization.