As of Q4'25 (2025-12-31), CIFR reported an operating income of USD 3.4M, representing a slight year-over-year decrease of -0.54%. This marks a return to positive territory following a significant loss of USD -37.6M in Q3'25. Over the period from Q1'23 to Q4'25, CIFR's operating income has exhibited high volatility, with several sharp swings between losses and profits. After persistent losses throughout 2023, the company achieved a notable turnaround in Q1'24 with a peak operating income of USD 39.4M, followed by another period of substantial losses in subsequent quarters. The YoY growth rate fluctuated widely, peaking at 10.08% in Q4'24 before turning negative again, indicating ongoing instability in operational performance.