As of Q4'25, CIFR reported revenue of USD 92.52M, marking the highest point in the observed period from Q1'23 to Q4'25. Year-over-year revenue growth for this quarter reached 119.13%, indicating a substantial acceleration compared to previous quarters. Throughout the period, CIFR’s revenue exhibited significant volatility, with notable dips in Q3'24 (USD 24.10M) followed by a strong rebound and rapid growth in the subsequent quarters. After a period of modest or negative growth in 2024, revenue sharply increased in the second half of 2025, particularly in Q3'25 and Q4'25, reflecting a pronounced upward trend and signaling a strong recovery and expansion phase for the company.