According to CryptoSlate, Bitcoin miner Cipher Digital sold 1,619 BTC for $123.4 million in the first half of the year, recording an actual loss of $47.7 million. Interest expenses during this period reached $66.7 million—approximately 2.7 times its mining revenue ($24.8 million)—significantly straining its liquidity. Operating activities consumed $152 million in cash, while financing activities generated a net inflow of $2.84 billion, including $129.2 million from equity issuance. Additionally, a non-cash warrant expense of $150.5 million widened the quarterly net loss to $267.5 million.
Bitcoin miner Cipher Digital sells 1,619 BTC for $123.4M in H1 2026
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Summary
Bitcoin miner Cipher Digital sold 1,619 BTC for $123.4 million in the first half of 2026, reflecting BTC price volatility. The transaction resulted in a $47.7 million realized loss. The company incurred $66.7 million in interest expenses—nearly 2.7 times its $24.8 million in mining revenue. It burned $152 million in operating cash but secured $2.84 billion in net financing, including a $129.2 million stock offering. A $150.5 million non-cash warrant expense pushed its quarterly net loss to $267.5 million, signaling challenges in the digital asset market.
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