Cipher Mining Provides First Quarter 2024 Business Update
Cipher Mining Inc. (CIFR)
Company Research
Source: GlobeNewswire
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 Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced results for its first quarter ended March 31, 2024, with an update on its operations and deployment strategy. “We are delighted to announce results for the first quarter of 2024 in which we delivered another quarter of record net income on both a GAAP and Non-GAAP basis,” said Tyler Page, CEO of Cipher. “We continue to invest heavily in our expansion, and the early stages of construction at our new Black Pearl data center are well underway. We’ve already cleared and leveled over 50 acres, and we will start laying concrete foundations this month. Because of this progress, and our strong financ
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CIFR
News
- Cipher Mining Inc. (NASDAQ: CIFR) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $5.00 price target on the stock.MarketBeat
- Bitfury Group Commences Next Step of Non-Dilutive Distribution of Cipher Mining Inc. Shares [Yahoo! Finance]Yahoo! Finance
- Bitfury Group Commences Next Step of Non-Dilutive Distribution of Cipher Mining Inc. SharesPR Newswire
- Cipher Mining Inc. (NASDAQ:CIFR) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock? [Yahoo! Finance]Yahoo! Finance
- Cipher Mining to Participate in the 19th Annual Needham Technology, Media, & Consumer ConferenceGlobeNewswire
CIFR
Earnings
- 5/7/24 - Beat
CIFR
Sec Filings
- 5/16/24 - Form SC
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- CIFR's page on the SEC website