CIFR Q1 2024 Earnings — Cipher Mining Inc. Revenue & Financial Results | Market Cap Arena

CIFRCipher Mining Inc.

$6B

Q1 2024 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$48M+119.9% YoY

Gross Profit

$20M42.1% margin

Operating Income

$47M97.2% margin

Net Income

$40M82.9% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+10.9%

Cash Flow

Operating Cash Flow

-$27M

Free Cash Flow

-$39M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$677M

Total Liabilities

$76M

Stockholders' Equity

$601M

Cash & Equivalents

$89M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$48M	$22M	+119.9%
Gross Profit	$20M	$2M	+1016.2%
Operating Income	$47M	-$4M	+1235.3%
Net Income	$40M	-$5M	+976.3%