---
schema_version: "secwatch.filing_event.v1"
accession: "0001819989-25-000003"
form_type: "8-K"
ticker: "CIFR"
cik: "0001819989"
company_name: "Cipher Digital Inc."
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:55:02.391197+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cipher Mining Q4 net earnings $18M, adjusted $51M; Odessa upgrade to 13.5 EH/s, Stingray acquisition closed

## Summary
- 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.

## SEC filing metadata
- accession: 0001819989-25-000003
- form_type: 8-K
- ticker: CIFR
- cik: 0001819989
- company_name: Cipher Digital Inc.
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819989/000181998925000003/0001819989-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819989/000181998925000003/cifr-20250225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819989-25-000003
- JSON: https://secwatch.observer/filing/0001819989-25-000003.json
- Plain text: https://secwatch.observer/filing/0001819989-25-000003.txt

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