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Cipher Digital (CIFR) Operating Expenses (2022 - 2025)

Cipher Mining has reported Operating Expenses over the past 4 years, most recently at $360.3 million for Q4 2025.

  • Quarterly results put Operating Expenses at $360.3 million for Q4 2025, up 1333.11% from a year ago — trailing twelve months through Dec 2025 was $645.5 million (up 231.08% YoY), and the annual figure for FY2025 was $645.5 million, up 231.08%.
  • Operating Expenses for Q4 2025 was $360.3 million at Cipher Mining, up from $109.3 million in the prior quarter.
  • Over the last five years, Operating Expenses for CIFR hit a ceiling of $360.3 million in Q4 2025 and a floor of -$52.8 million in Q4 2022.
  • Median Operating Expenses over the past 4 years was $39.1 million (2024), compared with a mean of $59.2 million.
  • Biggest five-year swings in Operating Expenses: tumbled 183.42% in 2023 and later skyrocketed 6343.15% in 2025.
  • Cipher Mining's Operating Expenses stood at -$52.8 million in 2022, then soared by 603.11% to $265.7 million in 2023, then tumbled by 90.54% to $25.1 million in 2024, then soared by 1333.11% to $360.3 million in 2025.
  • The last three reported values for Operating Expenses were $360.3 million (Q4 2025), $109.3 million (Q3 2025), and $88.8 million (Q2 2025) per Business Quant data.