Cipher Mining Provides Fourth Quarter and Full Year 2023 Business Update
Cipher Mining Inc. (CIFR)
Company Research
Source: GlobeNewswire
Fourth Quarter GAAP Earnings of $10.6m and Non-GAAP Earnings of $27.8m Full Year 2023 Revenues of $126.8m Increased Hash Rate to 7.4 EH/s in First Quarter 2024 and on track to reach 9.3 EH/s by end of Third Quarter 2024, with potential to grow to 25 EH/s by the end of 2025 NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company") today announced results for its fourth quarter and full year ended December 31, 2023, with an update on its operations and deployment strategy. "We are delighted to announce our fourth quarter 2023 results, which reflect our first full quarter in which all four of our data centers were operating at full capacity. We delivered a quarter with strong positive net income on both a GAAP and Non-GAAP basis. And while recent FASB accounting changes have been a tailwind for all the miners’ earnings, Cipher was net positive for the quarter even without those accounting changes,” said Tyler Page, CEO of Cipher. “T
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News
- Cipher Mining Inc. (NASDAQ:CIFR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cipher Mining Inc. (NASDAQ: CIFR) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $6.00 price target on the stock, up previously from $5.50.MarketBeat
- 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
- Cipher Mining First Quarter 2024 Earnings: EPS: US$0.14 (vs US$0.027 loss in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Cipher Mining Inc. (NASDAQ: CIFR) had its price target raised by analysts at HC Wainwright from $4.50 to $5.50. They now have a "buy" rating on the stock.MarketBeat
CIFR
Earnings
- 5/7/24 - Beat
CIFR
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/6/24 - Form 4
- CIFR's page on the SEC website