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Cipher Digital posts $31.6m net profit as third-quarter revenue falls 63%

NewsFeeds update

Bitcoin miner turned data-centre developer Cipher Digital reported third-quarter net profit of $31.6m as revenue fell 63% year on year to $26.7m, including $20.8m from Bitcoin mining, down 71%. Its first Black Pearl data centre phase in Texas began operating in August, bringing $5.9m in revenue.

MiningOdailyAINeutral

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.