Company / Capital Expenditures
Cipher Mining Inc. Capital Expenditures History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Capital Expenditures
$487.9M
FY2025
5-year range
$5.1M / $487.9M
FY2021-FY2025
Trend
+249.8%
vs FY2024
Sector context
#22 of 296
Financials
What the data says
Capital Expenditures changed +250% YoY in FY2025, a notable deviation from the 4-year average annual change of +363%.
Based on SEC 10-K filings.
$488M in FY2025 with a 3-year CAGR of +131.7%. Top quartile in the Financials sector.
Improved from $20M to $488M over the past 2 years.
Financials sector context is included.
Capital Expenditures over time
Growth rates
- 3-Year CAGR
- +131.7%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Top 7% in FinancialsTop 7% of 296This company $487.9M Sector average $203.0M
▼
+140.4% above sector average
Key checks
Key Insights
- 3-year CAGR of +131.7%, indicating consistent growth.
- In FY2025, capital expenditures increased 249.8% year-over-year.
- Ranks #22 out of 296 companies in the Financials sector.
- Lowest capital expenditures in the period was in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -0.03 (distress zone, below 1.8 threshold)
- Negative profit margin: -29.5%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Capital ExpendituresValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $487.9M | +249.8% |
| FY2024 | $139.5M | +581.1% |
| FY2023 | $20.5M | -47.8% |
| FY2022 | $39.2M | +667.5% |
| FY2021 | $5.1M | - |
| FY2020 | - | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026