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

Cipher Mining (CIFR) has 4 years of Operating Expenses data on record, last reported at $62.7 million in Q4 2025.

  • For Q4 2025, Operating Expenses rose 149.31% year-over-year to $62.7 million; the TTM value through Dec 2025 reached $347.9 million, up 1065.67%, while the annual FY2025 figure was $235.4 million, 20.73% up from the prior year.
  • Operating Expenses reached $62.7 million in Q4 2025 per CIFR's latest filing, down from $109.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $265.2 million in Q4 2023 and bottomed at -$115.5 million in Q3 2024.
  • Average Operating Expenses over 4 years is $26.1 million, with a median of $13.2 million recorded in 2024.
  • Peak YoY movement for Operating Expenses: crashed 183.42% in 2023, then surged 6343.15% in 2025.
  • A 4-year view of Operating Expenses shows it stood at -$52.8 million in 2022, then soared by 602.17% to $265.2 million in 2023, then crashed by 90.52% to $25.1 million in 2024, then soared by 149.31% to $62.7 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $62.7 million in Q4 2025, $109.3 million in Q3 2025, and $88.8 million in Q2 2025.