Cipher Mining Inc. (CIFR) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
CIFR currently has 405M outstanding shares. with significant dilution risk as 455M authorized shares could dilute existing holders by 112.3%. The company has significantly diluted shareholders by 26.55% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 05, 2026 |
10-Q filing | 405.1M shares outstanding |
410M | 450M |
| Nov 20, 2025 |
8-K filing: Cipher Mining Inc. amended its warrant agreement with Google, adjusting the Top-Up Threshold from $430 million to $435 million, and Cipher Compute LLC intends to offer up to $333,000,000 aggregate principal amount of 7.125% senior secured notes due 2030 in a private offering. |
380M | 450M |
| Aug 07, 2025 |
10-Q filing | 375.1M shares outstanding |
380M | 450M |
| May 06, 2025 |
10-Q filing | 360.5M shares outstanding |
360M | 450M |
| Feb 25, 2025 |
10-K filing | 361.5M shares outstanding |
360M | 450M |
| Oct 31, 2024 |
10-Q filing | 332.7M shares outstanding |
330M | 450M |
| Aug 13, 2024 |
10-Q filing | 314.4M shares outstanding |
310M | 450M |
| May 07, 2024 |
10-Q filing | 304.4M shares outstanding |
300M | 450M |
| Mar 05, 2024 |
10-K filing | 296.5M shares outstanding |
300M | 450M |
| Dec 08, 2023 |
8-K filing: The company closed under its previously announced PSA, delivering 2,397,424 shares of the company's common stock as purchase price. |
250M | 450M |
| Nov 08, 2023 |
10-Q filing | 251.8M shares outstanding |
250M | 450M |
| Aug 08, 2023 |
10-Q filing | 249.1M shares outstanding |
250M | 450M |
| May 09, 2023 |
10-Q filing | 248.7M shares outstanding |
250M | 450M |
| May 04, 2023 |
S-3 filing: Cipher Mining Inc. is offering 187,109,827 shares of common stock offered by the selling securityholder. |
250M | 450M |
| Mar 14, 2023 |
10-K filing | 248.2M shares outstanding |
250M | 270M |
| Nov 14, 2022 |
10-Q filing | 247.5M shares outstanding |
250M | 270M |
| Sep 21, 2022 |
S-3 filing: Cipher Mining Inc. files an S-3 to offer common stock, preferred stock, shares of common stock offered by selling securityholders, and shares of common stock underlying warrants, with a total proposed amount of $500,000,000. |
250M | 270M |
| Aug 09, 2022 |
10-Q filing | 247.7M shares outstanding |
250M | 57M |
| May 10, 2022 |
10-Q filing | 247.5M shares outstanding |
250M | 57M |
| Apr 22, 2022 |
POS AM filing: This is a POS AM filing for Cipher Mining Inc. relating to the offer and sale of 13,742,842 shares of common stock, 85,500 private placement warrants, 8,500,000 shares of common stock upon exercise of public warrants and 114,000 shares of common stock upon exercise of private placement warrants. |
250M | 57M |
| Mar 04, 2022 |
10-K filing | 250.2M shares outstanding |
250M | 93M |
| Jan 21, 2022 |
S-1 filing: This S-1 filing is for the offer and sale of common stock and warrants by selling securityholders, as well as the offer and sale of common stock issuable upon the exercise of public and private placement warrants. |
250M | 93M |
| Nov 12, 2021 |
10-Q filing | 246.4M shares outstanding |
250M | 57M |
| Sep 24, 2021 |
S-1 filing: This S-1 filing relates to the offer and sale from time to time by the selling securityholders of up to 42,035,500 shares of common stock. |
21M | 57M |
| Aug 25, 2021 |
8-K filing: Holders of 12,836,682 shares of Common Stock exercised their right to redeem their shares for cash at a redemption price of approximately $10.00 per share, for an aggregate redemption amount of $128,366,820. ($128.37M proceeds) |
21M | 15M |
| Aug 10, 2021 |
10-Q filing | 21.5M shares outstanding |
21M | 15M |
| May 07, 2021 |
10-Q filing | 21.5M shares outstanding |
21M | 15M |
| Mar 05, 2021 |
8-K filing: Good Works Acquisition Corp. entered into an agreement to merge with Cipher Mining Technologies Inc., involving the issuance of Good Works common stock in exchange for Cipher common stock and additional private placements. ($375.0M proceeds) |
21M | 15M |
| Feb 17, 2021 |
10-K filing | 21.5M shares outstanding |
21M | 15M |
| Dec 03, 2020 |
10-Q filing | 21.5M shares outstanding |
21M | 15M |
| Nov 24, 2020 |
8-K filing: Good Works Acquisition Corp. consummated its initial public offering of 15,000,000 units at $10.00 per Unit, generating gross proceeds of $150,000,000, consummated a private placement of 228,000 units at $10.00 per unit generating proceeds of $2,280,000, and underwriters purchased an additional 2,000,000 over-allotment units at $10.00 per unit generating proceeds of $20,000,000. In connection with the cancellation of the remainder of the Over-Allotment Option, the Company will cancel an aggregate of 62,500 shares of common stock issued to I-B Good Works LLC. ($172.28M proceeds) |
N/A | 15M |
| Oct 28, 2020 |
8-K filing: Good Works Acquisition Corp. consummated its initial public offering of 15,000,000 units at $10.00 per unit, generating gross proceeds of $150,000,000, and also completed a private sale of 228,000 units at $10.00 per unit, generating gross proceeds of $2,280,000. Additionally, the underwriters purchased 1,500,000 Over-Allotment Units at $10.00 per unit, generating additional gross proceeds of $15,000,000 to the Company. ($167.28M proceeds) |
N/A | 15M |
| Oct 09, 2020 |
S-1/A filing: This S-1/A filing relates to a proposed offering of units including common stock and warrants. The company agrees to cover expenses related to the offering. |
N/A | 15M |
| Oct 07, 2020 |
S-1/A filing: S-1/A filing for an offering of units at $10.00 per unit, with anchor investors expressing interest to purchase $60,000,000 of units. |
N/A | 15M |
| Aug 25, 2020 |
S-1 filing: The company is offering units at a price of $10.00 per unit, with a total proposed amount of $150,000,000. The units are intended to be listed on The Nasdaq Capital Market under the symbol "GWACU." |
N/A | 15M |