Cipher posts Q3 GAAP loss $0.07/share, non-GAAP profit $0.02; buys Black Pearl site and S21 rigs

Cipher Digital Inc.

2023-Q3 EPS reported -$0.15 revenue$83,423,000

Q3 GAAP diluted loss $0.07/share; non-GAAP diluted net income $0.02/share.
Completed Odessa data center; self-mining capacity reached 7.2 EH/s.
Purchased 1.2 EH/s of Bitmain S21 rigs for $14/TH, net $16.8M after coupons; deliveries Jan-Jun 2024.
Agreed to acquire Black Pearl Texas site with up to 300 MW ERCOT interconnection; $7M in stock; close by end-2023.
Lease up to 50 years; up to $6.3M collateral to Oncor if 135MW energized by May 2026.

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 0.9

Cipher Digital Inc. reported the third quarter ended September 30, 2023 results: net income GAAP Diluted Net Loss of $0.07 per Share, EPS Non-GAAP Diluted Net Income of $0.02 per Share.

Period: the third quarter ended September 30, 2023
Net income: GAAP Diluted Net Loss of $0.07 per Share
EPS: Non-GAAP Diluted Net Income of $0.02 per Share
Result: reported results

Exact text from the filing

On November 8, 2023, Cipher Mining Inc. (the “Company”) announced its results for the third quarter ended September 30, 2023.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Cipher Digital Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-060676

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