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2026-09-09 08:04:03 UTC

greencandleit on Nostr: Cipher Mining reported a net loss of $267.5 million on revenue of $24.8 million last ...

Cipher Mining reported a net loss of $267.5 million on revenue of $24.8 million last quarter.

The loss is about eleven times the revenue.

That ratio is what a build looks like from inside. The capital goes out years before the contract revenue shows up, and the quarter in