secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001819989-25-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cipher Mining Q2 2025 revenue $44M, adjusted earnings $30M; self-mining capacity reaches ~16.8 EH/s
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- Q2 net loss $46M ($0.12/share); Non-GAAP adjusted earnings $30M ($0.08 diluted EPS).
- Revenue $44M; self-mining capacity ~16.8 EH/s, targeting ~23.5 EH/s by end of Q3 2025.
- Energized Black Pearl Phase I (150 MW) ahead of schedule; Phase II designed for HPC/bitcoin mining.
- Completed $172.5M convertible note offering; HPC tenant interest ongoing at Barber Lake.
- Pipeline of 2.6 GW site capacity; strategic pivot to HPC data center development.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/0001819989-25-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000181998925000079/cifr-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001819989-25-000079

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