NASDAQ$CIFR
Cipher Digital Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a net loss of $87 million and an adjusted loss of $3 million in Q3 2024.
Cipher Mining reported a net loss of $87 million for Q3 2024, but the adjusted loss was only $3 million. The company completed the acquisition of the Barber Lake and Reveille data center sites and signed option agreements to purchase or lease three additional sites in Texas.
- Completed acquisition of the Barber Lake data center site with 300 MW capacity.
- Completed acquisition of the Reveille data center site with 70 MW capacity and potential to expand to 200 MW.
- Signed options to acquire up to 1.5 GW of new sites in Texas.
- Upgrade of Odessa site bringing total self-mining hashrate to ~13.5 EH/s remains on track for Q4 2024.
Headline financials
Revenue & EPS history
Cipher · Revenue · Quarterly
$24.1M
Forward guidance
Upgrade of Odessa site bringing total self-mining hashrate to ~13.5 EH/s remains on track for Q4 2024 and Construction of the 300 MW data center at Black Pearl progressing well, with expected energization in Q2 2025.
Tailwinds
- Upgrade of Odessa site bringing total self-mining hashrate to ~13.5 EH/s remains on track for Q4 2024
- Construction of the 300 MW data center at Black Pearl progressing well, with expected energization in Q2 2025
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.8%
Avg return
Earnings day
+0.9%
Avg return
5 days after
-0.6%
Avg return
30 days after
67%
14 / 21 earnings
Positive
+26.5%
Q4 2023
Best reaction
-49.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.7% | +15.1% | +43.2% | |
| Q4 2025 | +1.1% | +2.5% | -5.7% | |
| Q3 2025 | +19.4% | +10.9% | -0.1% | |
| Q1 2025 | +2.0% | +0.0% | +18.5% | |
| Q4 2024 | -17.5% | -17.8% | -48.8% | |
| Q3 2024 | -0.6% | +0.8% | +26.9% | |
| Q2 2024 | -7.1% | -2.3% | -21.4% | |
| Q1 2024 | -15.4% | -16.8% | -8.1% | |
| Q4 2023 | +26.5% | +22.3% | +44.9% | |
| Q3 2023 | -19.0% | -25.2% | -24.4% | |
| Q2 2023 | +10.2% | +9.9% | -9.3% | |
| Q1 2023 | +12.3% | +7.7% | +17.4% | |
| Q4 2022 | +0.5% | +27.5% | +45.6% | |
| Q3 2022 | +3.4% | -7.4% | -29.2% | |
| Q2 2022 | +9.4% | +10.4% | -25.9% | |
| Q1 2022 | -49.5% | -39.9% | -47.1% | |
| Q4 2021 | +11.0% | +21.2% | +37.1% | |
| Q3 2021 | +6.2% | -0.2% | -32.8% | |
| Q1 2021 | -0.7% | +0.1% | -0.2% | |
| Q4 2020 | +0.3% | +0.7% | +7.3% | |
| Q3 2020 | +0.6% | -0.9% | +0.2% | |
| Q2 2020 | — | — | — |
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