Cipher Mining's second quarter revenue was $44 million, net loss was $46 million
2025-08-07 11:27:50
Cipher Mining Inc. today announced its financial results for the second quarter of 2025, as well as an update on its operational and business strategies. Second quarter 2025 revenue of $44 million and non-GAAP adjusted earnings of $30 million. Self-mining capacity of the full mining fleet was approximately 16.8 EH/s at the end of the second quarter and is expected to reach 23.5 EH/s by the end of the third quarter. Successful completion of the $172.50 million convertible bond issue. Second quarter 2025 net loss of $46 million, or $0.12 per share, and adjusted earnings of $30 million, or $0.08 per diluted share
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