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CIFR (Cipher Mining) Net Margin % : -41.54% (As of Jun. 2024)


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What is Cipher Mining Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Cipher Mining's Net Income for the three months ended in Jun. 2024 was $-15.3 Mil. Cipher Mining's Revenue for the three months ended in Jun. 2024 was $36.8 Mil. Therefore, Cipher Mining's net margin for the quarter that ended in Jun. 2024 was -41.54%.

The historical rank and industry rank for Cipher Mining's Net Margin % or its related term are showing as below:

CIFR' s Net Margin % Range Over the Past 10 Years
Min: -1285.91   Med: -653.12   Max: 11.43
Current: 11.43


CIFR's Net Margin % is ranked worse than
53.96% of 782 companies
in the Capital Markets industry
Industry Median: 13.51 vs CIFR: 11.43

Cipher Mining Net Margin % Historical Data

The historical data trend for Cipher Mining's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cipher Mining Net Margin % Chart

Cipher Mining Annual Data
Trend Jan21 Dec22 Dec23
Net Margin %
- -1,285.91 -20.32

Cipher Mining Quarterly Data
Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -42.27 -58.44 25.88 82.89 -41.54

Competitive Comparison of Cipher Mining's Net Margin %

For the Capital Markets subindustry, Cipher Mining's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cipher Mining's Net Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cipher Mining's Net Margin % distribution charts can be found below:

* The bar in red indicates where Cipher Mining's Net Margin % falls into.



Cipher Mining Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Cipher Mining's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-25.777/126.842
=-20.32 %

Cipher Mining's Net Margin for the quarter that ended in Jun. 2024 is calculated as

Net Margin=Net Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=-15.291/36.808
=-41.54 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cipher Mining  (NAS:CIFR) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Cipher Mining Net Margin % Related Terms

Thank you for viewing the detailed overview of Cipher Mining's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cipher Mining Business Description

Traded in Other Exchanges
Address
1 Vanderbilt Avenue, Floor 54, Suite C, New York, NY, USA, 10017
Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.
Executives
Bitfury Top Holdco B.v. 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
Cary M Grossman director
Patrick Arthur Kelly officer: Chief Operating Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
William Iwaschuk officer: Chief Legal Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Robert Flatley director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Tyler Page director, officer: Chief Executive Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, RYE NY 10017
Dykes Robert R B director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
James E Newsome director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Bitfury Group Ltd 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
Bitfury Holding B.v. 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
V3 Holding Ltd 10 percent owner C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580
Valerijis Vavilovs 10 percent owner C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580
Holly Morrow Evans director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Caitlin Long director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Wesley Hastie Williams director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017