Robert Flatley
On August 3, 2023, the Board of Directors of the Company (the “Board”) increased the size of the Board from seven to eight directors and elected Robert Flatley as a director of the Company, effective immediately.
Highest-materiality recent filing
Cipher Digital subsidiary closes $810M 6% senior secured notes due 2031 for data center
Stingray Compute LLC issued $810M aggregate principal of 6.000% Senior Secured Notes at 99.750% of par.
Cipher Digital prices $810M 6.000% senior secured notes due 2031 at 99.750%
$810M offering of 6.000% senior secured notes due 2031 priced at 99.750% of par; expected close June 15, 2026.
Approximately 66.24% of outstanding shares (268.9M) were present at the June 2, 2026 annual meeting.
Cipher Digital subsidiary plans $810M senior secured notes offering for data center financing
Stingray Compute LLC intends to offer $810M in senior secured notes due 2031 in a private placement.
Cipher Digital Reports Q1 2026 Results, Signs Third Hyperscale Lease, Secures $200M Credit Facility
Q1 2026 revenue of $35 million and Adjusted EBITDA of negative $48 million.
Cipher Digital secures $200M revolving credit facility with Morgan Stanley-led syndicate
$200M revolving facility ($50M LC sublimit) maturing March 2027; initially capped at $50M.
Q4 2025 revenue of $60M; adjusted net loss of $55M.
Cipher subsidiary closes $2.0B 6.125% senior secured notes offering due 2031
$2.0B aggregate principal of 6.125% Senior Secured Notes due 2031 issued at 100% par by Black Pearl Compute, wholly-owned Cipher subsidiary.
Cipher Mining appoints Thomas Duda to Board of Directors
Thomas Duda elected to Board effective Feb 11, 2026; size increased from 7 to 8.
Cipher Mining subsidiary prices $2.0B of 6.125% senior secured notes due 2031
$2.0B aggregate principal of 6.125% senior secured notes due 2031 priced at par; expected closing February 11, 2026.
Black Pearl Compute, Cipher's subsidiary, intends to offer $2.0B senior secured notes due 2031 to qualified institutional buyers.
Cipher Mining issues $333M additional 7.125% senior secured notes due 2030
Issued $333M aggregate principal amount of additional 7.125% Senior Secured Notes due 2030.
Cipher expands Fluidstack lease by 39 MW, adds $830M revenue; raises $333M notes for Phase II
Lease amended to add 39 MW critical IT load (Phase II) at Barber Lake; total capacity leased becomes 300 MW.
Aggregate principal $1.4B of 7.125% Senior Secured Notes due 2030, issued at 100% of par.
$1.4B aggregate principal, 7.125% senior secured notes due 2030, priced at par.
Cipher Mining discloses illustrative financials for 244 MW HPC data center lease with Fluidstack
Projected total rent revenue of ~$3.0B over lease term (2026-2036).
Cipher Mining subsidiary proposes $1.4B senior secured notes due 2030 for HPC data center
$1.4 billion aggregate principal amount of senior secured notes due 2030 in private offering.
Cipher Mining Q3 revenue $72M, signs $5.5B lease with AWS, JV for 1-GW Texas site
Revenue $72M, Non-GAAP adjusted earnings $41M ($0.10 diluted per share).
Cipher Mining adopts annual advisory vote on executive compensation following shareholder vote
At June 3, 2025 Annual Meeting, shareholders favored 'one year' frequency for say-on-pay votes.
Cipher Mining CFO Ed Farrell to retire Oct 14; Gregory Mumford named successor
Ed Farrell retires as CFO effective Oct 14, 2025; will serve as Senior Advisor through Apr 17, 2026.
Cipher Mining issues $1.3B zero-coupon convertible notes due 2031; conversion price ~$16.03
$1.3B aggregate principal of 0.00% Convertible Senior Notes due 2031 issued Sep 30, 2025.
Cipher Mining prices $1.1B 0% convertible notes due 2031; upsized from $800M
Upsized offering: $1.1B aggregate principal, 0.00% coupon, matures Oct 1, 2031; initial purchasers have 13-day option for additional $200M.
Cipher Mining signs 168 MW AI hosting deal with Fluidstack; Google gets ~5.4% stake
10-year HPC colocation agreement; 168 MW critical IT load at Barber Lake site in Texas; delivery by Sept 2026.
Cipher Mining proposes $800M 0.00% convertible notes due 2031, plus $120M option
Offering of $800M aggregate principal of 0.00% convertible senior notes due 2031; initial purchasers get 13-day option for additional $120M.
Cipher Mining Q2 2025 revenue $44M, adjusted earnings $30M; self-mining capacity reaches ~16.8 EH/s
Q2 net loss $46M ($0.12/share); Non-GAAP adjusted earnings $30M ($0.08 diluted EPS).
Cipher Mining terminates board observer rights agreement with Bitfury
Terminated the Board Observer Agreement with Bitfury investors effective July 22, 2025.
Cipher Mining shareholders elect directors, ratify auditor, approve say-on-pay at annual meeting
Robert Flatley and Caitlin Long elected as directors with 216.7M and 177.5M votes for, respectively.
Cipher Mining issues $172.5M 1.75% convertible senior notes due 2030, conversion price ~$4.45
Issued $172.5M aggregate principal of 1.75% Convertible Senior Notes due May 15, 2030.
Cipher Mining announces $150M convertible notes due 2030, Bitmain rig amendment with 10% discount
$150M convertible senior notes offering (due May 2030); underwriters option for additional $22.5M.
Cipher Mining Q1 revenue $49M (+16% QoQ); signs JV term sheet with Fortress for Barber Lake
Revenue $49M, up 16% QoQ; GAAP net loss $39M ($0.11/sh); non-GAAP adj. earnings $6M ($0.02/sh).
Marcum resigned April 14, 2025; CBIZ engaged as new auditor effective April 15, 2025 (CBIZ acquired Marcum's attest business).
Q4 2024 net earnings $18M ($0.05 diluted EPS); adjusted earnings $51M ($0.14 diluted EPS).
Cipher Mining raises $50M via PIPE investment from SoftBank Group at $4.79 per share
SoftBank (Star Beacon LLC) purchased ~10.44M newly issued shares at $4.79 for ~$50M total.
Cipher Mining Q3 net loss $87M; completes Barber Lake and Reveille acquisitions; adds 1.5 GW options
Q3 net loss $87M ($0.26 diluted EPS); adjusted loss $3M ($0.01 diluted EPS).
Cipher Mining amends controlled equity offering, ups maximum gross proceeds to $725.7M
Amended sales agreement allows up to $725.7M gross proceeds from common stock sales through agents.
Cipher Mining Q2 GAAP net loss $15M; adding 1.7 GW power, targets 35 EH/s by 2025
Q2 2024 GAAP net loss $15M ($0.05 diluted share); non-GAAP adjusted loss $3M ($0.01/share).
Cipher Mining amends Bitmain miner option: upgrades to S21 XP, extends call to June 2025
Option upgraded from 45,706 Antminer T21 to 32,164 Antminer S21 XP miners.
Cipher Mining ups 2024 hash rate target to 13.5 EH/s, upgrades Bitmain contract, adds Canaan miners
Entered agreement to buy 6,600 Canaan A1566 miners (~1.25 EH/s) for $16.4M, delivering 4Q24.
Cipher Mining Q1 GAAP net income $40M; revenue $48M; hash rate target 25.1 EH/s by end 2025
GAAP net income of $40M and non-GAAP adjusted earnings of $63M for Q1 2024.
Cipher Mining annual meeting: director elections pass, officer exculpation amendment fails
Tyler Page (164,376,178 FOR) and Cary Grossman (150,422,180 FOR) elected to three-year director terms.
Cipher Mining expands at-the-market equity facility by $200M to $296.6M
Added Stifel, Nicolaus & Company and Virtu Americas as additional sales agents under amended Sales Agreement.
Cipher Mining reports Q4 GAAP net income $10.6M; FY 2023 revenue $126.8M
Q4 2023 GAAP net income $10.6M; non-GAAP net income $27.8M.
Cipher Mining purchases 7.1 EH/s of Bitmain T21 miners for $99.5M, option for 8.7 EH/s more
Purchase of 37,396 Antminer T21 miners for $99.5M ($14/TH), delivery in H1 2025.
Cipher Mining closes acquisition of Black Pearl site in Texas for ~2.4M shares, up to 300 MW
Closed acquisition of Black Pearl, a new Texas ERCOT-approved site with interconnection up to 300 MW.
Bitfury sells 10M CIFR shares at $2.95, enters 60-day lock-up on remaining 75.4% stake
Bitfury sold 10M shares of Cipher common stock at $2.95 per share in a private transaction.
Cipher posts Q3 GAAP loss $0.07/share, non-GAAP profit $0.02; buys Black Pearl site and S21 rigs
Q3 GAAP diluted loss $0.07/share; non-GAAP diluted net income $0.02/share.
Cipher Mining entered into a Fourth Amendment to the Power Purchase Agreement with Luminant ET Services, reducing notice requirements for energy consumption changes from two hours to ten minutes.
Cipher Mining Q2 non-GAAP EPS $0.04, achieves 6.8 EH/s; appoints Robert Flatley to board
GAAP diluted net loss $0.05/share; non-GAAP diluted net income $0.04/share.
Cipher Mining enters new $250M ATM equity program; terminates prior H.C. Wainwright deal
Entered Controlled Equity Offering Sales Agreement with Cantor, Canaccord, Needham, Compass Point for up to $250M of common stock at-the-market.
Cipher Mining reports Q1 GAAP loss $0.03/sh; non-GAAP profit $0.03/sh; miner purchase to 7.2 EH/s
GAAP diluted net loss of $0.03 per share; non-GAAP diluted net income of $0.03 per share.
On August 3, 2023, the Board of Directors of the Company (the “Board”) increased the size of the Board from seven to eight directors and elected Robert Flatley as a director of the Company, effective immediately.
On March 20, 2023, Cipher Mining, Inc. (the “Company” or “Cipher”) announced the appointment of Mr. Patrick Kelly, previously serving as Chief Operating Officer, to serve as the Company's Co-President and Chief Operating Officer, effective on the same date.
On March 20, 2023, the Company also announced the appointment of Mr. William Iwaschuk, previously serving as Chief Legal Officer and Corporate Secretary, to serve as the Company's Co-President, Chief Legal Officer and Corporate Secretary, effective on the same date.
Fred Zeidman resigned from his position as Good Works’ Co-Chairman
Douglas Wurth resigned from his position as Good Works’ Co-Chairman
Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.
Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.
Cary Grossman resigned from his position as Good Works’ President
Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.
Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.
Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.
Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.
Max materiality 0.90 · Median 0.70 · Most common event other_material