Risk factors
Cipher Digital (CIFR) risk factors
Item 1A of every Cipher Digital Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors62 risks35 new40 dropped14 reworded
Cipher Digital is shifting heavily toward high-performance computing (HPC) data center construction, increasing exposure to supply chain, power, and tenant risks.
Filed Feb 24, 2026 - FY2024 10-K risk factors67 risks
Cipher Digital operates entirely in Texas, with the Odessa Facility producing roughly 88 percent of its bitcoin in 2024. Operations are heavily exposed to volatile hashrate growth, market power pricing, and bitcoin price swings. Uninsured custody, regulatory uncertainty, and environmental compliance heavily weigh on the digital asset business model.
Filed Feb 25, 2025