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Cipher Digital, Inc. CIFR Issuance of warrant liability

Discontinued — last reported Q4 '25

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Other financials

Income statement

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Revenue$34.8M-28.8%
Gross profit$17.1M-49.7%
Operating income-$114.6M-201%
Net income-$114.3M-193%
EPS (diluted)-$0.28-155%

Balance sheet

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Cash & equivalents$713.0M+1,798%
Total debt$4.7B+8,030%
Total equity$714.2M-2.8%
Total assets$6.4B+600%

Cash flow

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Operating cash flow$91.5M+294%
CapEx$554.0M+456%
Free cash flow-$462.5M-215%

Valuation

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Market cap$11.94B+527%
Enterprise value$15.97B+985%
P/S56.9×+44.4×

Profitability

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Gross margin60%+1.0pp
Operating margin-237.4%
Net margin-427.8%
FCF margin-482%-3,491pp

Returns & leverage

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Return on equity-123.9%
Debt / equity6.6×+6.6×
Current ratio3.1×+2.0×

Where this comes from

Reported directly by Cipher Digital, Inc. in its filing.

Tagged under the XBRL concept cifr:WarrantLiabilityIssued.

The official record: Cipher Digital, Inc. ’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cipher Digital, Inc. 's issuance of warrant liability?
Cipher Digital, Inc. (CIFR) reported issuance of warrant liability of $136.11M in Q4 2025.
What does issuance of warrant liability mean?
The value of warrants issued that are recorded as financial liabilities.
How do you interpret issuance of warrant liability?
An increase indicates the issuance of new derivative instruments that may create future financial obligations or dilution.
How does issuance of warrant liability compare across companies?
Common in high-growth tech and crypto firms using warrants as financing sweeteners or part of complex capital structures.