Cipher Mining Q3 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall
Key Takeaways Cipher Mining posted a GAAP loss of 1 cent, beating estimates and narrowing year-over-year losses. Q3 revenue rose 197.5% to 5.5B AWS lease for AI data centers, boosting hosting contracts to $8.5B. Cipher Mining (CIFR) reported a GAAP loss per share of 1 cent, which was narrower than the loss of 26 cents reported in the year-ago quarter. The figure beat the Zacks Consensus Estimate by 87.50%. In the th ...