CIFR Earnings Prediction
The chart below shows how CIFR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CIFR sees a +11.72% change in stock price 10 days leading up to the earnings, and a +10.01% change 10 days following the report. On the earnings day itself, the stock moves by -2.17%. This data can give you a slight idea of what to expect for the next quarter's release.
CIFR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
24.10M
-20.47%
-34.52%
Gross Margin
-81.31%
-2383.99%
-1415.70%
Operating Margin
-173.47%
161.57%
200.28%
Net Margin
-359.95%
515.93%
766.51%
EPS
-0.26
-271.43%
420.00%
No Data Available
CIFR Earnings Analysis
Cipher Mining Inc. Common Stock Corporation (CIFR.O) Earnings Conference Call
Positive
Self-Mining Capacity Expansion: 1. Increased Self-Mining Capacity: Cipher Mining's self-mining capacity grew from 9.3 exahash per second at the end of Q3 2024 to 10.5 exahash per second, with expectations to reach 13.5 exahash per second by year-end 2024.
Competitive Power Pricing: 2. Competitive Electricity Costs: The company reported an all-in weighted average power price of $0.027 per kilowatt hour, which is a key driver of their competitive advantage in Bitcoin mining operations.
Bitcoin Inventory Strategy: 3. Significant Bitcoin Inventory: Cipher Mining holds a substantial Bitcoin inventory of 1,508 Bitcoin as of the end of Q3 2024, reflecting a strategic approach to treasury management and potential future revenue.
Electricity Cost Efficiency: 4. Low Cost of Revenues: Year-to-date, Cipher Mining achieved an average all-in electricity cost of approximately $18,162 per Bitcoin produced, showcasing their operational efficiency and cost management.
Data Center Capacity Expansion: 5. Expansion of Data Center Capacity: The company expects to manage 927 megawatts across six data centers by 2025, indicating strong growth in their operational capabilities and infrastructure development.
Negative
Net Loss Increase: 1. Significant Net Loss: Cipher Mining reported a GAAP net loss of $87 million in Q3 2024, a substantial increase from a loss of $15 million in the previous quarter and $19 million in the same quarter last year.
Bitcoin Production Decline: 2. Decreased Bitcoin Production: The company mined 396 Bitcoin in Q3 2024, down 30% from 563 Bitcoin mined in Q2 2024, contributing to a sequential revenue decrease of 35% from $37 million to $24 million.
Revenue Decline Analysis: 3. Year-over-Year Revenue Decline: Revenues decreased by 20% year-over-year, primarily due to the Bitcoin halving, declining prices, and an increase in network hash rate.
Depreciation Expense Surge: 4. Increased Depreciation Expenses: Depreciation and amortization expenses rose to $29 million, marking a 41% increase from the prior quarter and a 77% rise compared to Q3 2023, driven by a change in the depreciation schedule for mining rigs.
Cash Position Decline: 5. Declining Cash Position: The company's cash position decreased by $97 million from the previous quarter, falling to $25 million as of September 30, 2024, indicating potential liquidity concerns.
CIFR FAQs
How does CIFR typically perform around its earnings report dates?
Is Cipher Mining (CIFR) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CIFR Earning Call Sentiment
Cipher Mining (CIFR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CIFR.O
1.64%Positive
The earnings call highlights several concerns: increased GAAP net loss, a significant sequential and YoY revenue decline, and a decrease in cash position. Although the company is exploring HPC projects, the lack of clear guidance and specifics on customer interest raises uncertainty. The unrealized loss on Bitcoin holdings and increased depreciation also weigh negatively. Despite some discussions of strategic investments, the absence of a shareholder return plan further dampens sentiment. Given these factors and the company's small-cap status, a negative stock price movement is expected over the next two weeks.
