CIFR (Cipher Mining) Interest Expense : $-1.7 Mil (TTM As of Dec. 2024)

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What is Cipher Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cipher Mining's interest expense for the three months ended in Dec. 2024 was $ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-1.7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Cipher Mining's Operating Income for the three months ended in Dec. 2024 was $ -33.3 Mil. Cipher Mining's Interest Expense for the three months ended in Dec. 2024 was $ -0.6 Mil. Cipher Mining did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cipher Mining Interest Expense Historical Data

The historical data trend for Cipher Mining's Interest Expense 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.

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Cipher Mining Interest Expense Chart

Cipher Mining Annual Data

Trend

Jan21

Dec22

Dec23

Dec24

Interest Expense

-0.14

-2.00

-1.71

Cipher Mining Quarterly Data
	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial									-0.49	-0.40	-0.37	-0.35	-0.59

Cipher Mining Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.7 Mil.

Cipher Mining (NAS:CIFR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cipher Mining's Interest Expense for the three months ended in Dec. 2024 was $-0.6 Mil. Its Operating Income for the three months ended in Dec. 2024 was $-33.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $17.2 Mil.

Cipher Mining's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Cipher Mining did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Cipher Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cipher Mining Inc (NAS:CIFR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CIFR:Mexico 3A9:Germany

Address

1 Vanderbilt Avenue, Floor 54, Suite C, New York, NY, USA, 10017

Website

https://www.ciphermining.com

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
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
Cary M Grossman	director
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