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Cipher Mining (CIFR) Operating Expenses: 2022-2025

Historic Operating Expenses for Cipher Mining (CIFR) over the last 4 years, with Sep 2025 value amounting to $109.3 million.

  • Cipher Mining's Operating Expenses fell 5.34% to $109.3 million in Q3 2025 from the same period last year, while for Sep 2025 it was $310.3 million, marking a year-over-year decrease of 28.75%. This contributed to the annual value of $195.0 million for FY2024, which is 32.67% up from last year.
  • As of Q3 2025, Cipher Mining's Operating Expenses stood at $109.3 million, which was up 23.10% from $88.8 million recorded in Q2 2025.
  • Over the past 5 years, Cipher Mining's Operating Expenses peaked at $265.7 million during Q4 2023, and registered a low of -$52.8 million during Q4 2022.
  • Its 3-year average for Operating Expenses is $57.0 million, with a median of $53.0 million in 2024.
  • As far as peak fluctuations go, Cipher Mining's Operating Expenses slumped by 183.42% in 2023, and later surged by 6,343.15% in 2025.
  • Quarterly analysis of 4 years shows Cipher Mining's Operating Expenses stood at -$52.8 million in 2022, then soared by 603.11% to $265.7 million in 2023, then plummeted by 90.54% to $25.1 million in 2024, then fell by 5.34% to $109.3 million in 2025.
  • Its Operating Expenses stands at $109.3 million for Q3 2025, versus $88.8 million for Q2 2025 and $87.0 million for Q1 2025.