Cipher Mining (CIFR) Issues Q1 Business Update

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Go back to Cipher Mining (CIFR) Issues Q1 Business Update

Cipher Mining Provides First Quarter 2024 Business Update

May 7, 2024 7:00 AM EDT

First Quarter 2024 GAAP Net Income of $40m, and Non-GAAP Adjusted Earnings of $63m

First Quarter 2024 Revenues of $48m

Current Self-Mining Hash Rate of ~7.7 EH/s and on track to reach ~9.3 EH/s by end of Third Quarter 2024, with plans to grow to ~25.1 EH/s by end of 2025

NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Cipher Mining... More