secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001819989-25-000003
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 Q4 net earnings $18M, adjusted $51M; Odessa upgrade to 13.5 EH/s, Stingray acquisition closed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000181998925000003/0001819989-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000181998925000003/cifr-20250225.htm
  HTML page:      https://secwatch.observer/filing/0001819989-25-000003

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