CIFR Stock Drops After Q3 Revenue Miss: CEO Says Company Is Not A ‘Neocloud’
Total revenue of $26.7 million fell short of the $37.5 million analysts estimated, according to Koyfin. Cipher Digital’s Bitcoin mining accounted for $20.8 million in the third quarter, or almost 78% of total revenue. The loss of $0.22 per share, excluding certain items, was better than the expected $0.26 loss. Cipher has $16.6 billion in … Read more