Cipher Mining (CIFR) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 24, 2026 astatine 8:45 AM CST 47 min read

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Tuesday, Feb. 24, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Tyler Page

• Chief Financial Officer — Greg Mumford

• Head of Investor Relations — Courtney Knight

Operator: Good day, and invited to the Fourth Quarter and Full Year 2025 Business Update Conference Call. At this time, each participants are successful a listen-only mode. After the speakers' presentation, determination volition beryllium a question and reply session. To inquire a question, delight property 11. As a reminder, this telephone whitethorn beryllium recorded. I would present similar to crook the telephone implicit to Courtney Knight, Head of Investor Relations. Please spell ahead. Good morning, and convey you for joining america connected this league telephone to address

Courtney Knight: Cipher Mining Inc.'s concern update for the 4th fourth and afloat twelvemonth 2025. Joining maine connected the telephone contiguous are Tyler Page, Chief Executive Officer, and Greg Mumford, Chief Financial Officer. Please enactment that our property merchandise and presumption tin beryllium recovered connected the Investor Relations conception of the company's website wherever this league telephone volition besides beryllium simultaneously webcast. Please besides enactment that this league telephone is the spot of Cipher Mining Inc., and immoderate taping oregon different reproduction is expressly prohibited without anterior consent. Before we start, I would similar to punctual you that the pursuing treatment arsenic good arsenic our property merchandise and presumption incorporate forward-looking statements.

These statements include, but are not constricted to, Cipher Mining Inc.'s fiscal outlook, concern plans and objectives, and different aboriginal events and developments, including statements astir the marketplace imaginable of our concern operations, imaginable competition, and our goals and strategies. Forward-looking statements and risks successful this league call, including responses to your questions, are based connected existent expectations arsenic of today. Cipher Mining Inc. assumes nary work to update oregon revise them whether arsenic a effect of caller developments oregon otherwise, but arsenic required by law. Additionally, the pursuing treatment whitethorn incorporate non-GAAP fiscal measures. We whitethorn usage non-GAAP measures to picture the mode successful which we negociate and run our business.

We reconcile non-GAAP measures to the astir straight comparable GAAP measures; you are encouraged to analyse those reconciliations which are filed astatine the extremity of our net merchandise issued earlier this morning. I volition present crook the telephone implicit to our CEO, Tyler Page.

Tyler Page: Thanks, Courtney. Morning, everyone, and convey you for joining america today. I americium Tyler Page, CEO of Cipher Mining Inc., and I americium pleased to invited you to our 4th fourth and afloat twelvemonth 2025 concern update call. 2025 was a defining twelvemonth for Cipher. Over the past 12 months, we completed a deliberate and disciplined translation of the institution from a Bitcoin miner with sourcing and improvement expertise into a integer infrastructure institution purpose-built to present hyperscale compute. During the year, we secured semipermanent leases with world-class scalers, executed large-scale task financings, and precocious the improvement and operation of aggregate information halfway projects.