Documents filed by Bitcoin mining company Cipher Digital with the U.S. Securities and Exchange Commission (SEC) on November 2 show that the company reported third-quarter revenue of $26.7 million, a decrease of approximately 63% compared to $71.7 million in the same period last year, yet still recorded a net profit of $31.6 million.
Bitcoin Miner Cipher Q3 Revenue Drops 63% to $26.7M
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Summary
Bitcoin news: Cipher Digital reported Q3 revenue of $26.7 million in an SEC filing on November 2, representing a 63% decline from $71.7 million in the same period last year. The company still recorded a net profit of $31.6 million. Bitcoin analysis indicates the firm’s performance reflects ongoing market volatility.
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