Cipher Mining reports Q1 GAAP loss $0.03/sh; non-GAAP profit $0.03/sh; miner purchase to 7.2 EH/s

Cipher Digital Inc.

2023-Q1 EPS reported -$0.03 revenue$21,895,000

GAAP diluted net loss of $0.03 per share; non-GAAP diluted net income of $0.03 per share.
Self-mining hash rate capacity reached 6.0 EH/s across four data centers; target 7.2 EH/s.
Purchased 11,000 Canaan A1346 miners for Odessa facility; delivery and energization in Q3 2023.
Weighted average power price ~2.7 c/kWh, with 96% of portfolio on fixed-price contracts.
Total deployed fleet to exceed 70,000 miners after Q3 delivery.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cipher Digital Inc. reported first quarter ended March 31, 2023 results: net income GAAP diluted net loss of $0.03 per share, EPS GAAP diluted net loss of $0.03 per share (Non-GAAP diluted net income of $0.03 per share).

Period: first quarter ended March 31, 2023
Net income: GAAP diluted net loss of $0.03 per share
EPS: GAAP diluted net loss of $0.03 per share (Non-GAAP diluted net income of $0.03 per share)
Result: reported results

Exact text from the filing

Cipher Mining Inc. (the “Company”) announced its results for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000950170-23-019125

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