Brief: Cipher Mining Q2 Revenue Bitcoin Mining USD 43.565 Million

Cipher Digital

07/08/2025 12:00

Overview

Cipher Mining Q2 revenue of $44 mln, adjusted earnings $30 mln

Company reports net loss of $46 mln, or $0.12 per share

Cipher Mining's Black Pearl Phase I exceeds growth targets, boosting capacity

Outlook

Cipher expects self-mining capacity to reach ~23.5 EH/s by Q3 end

Company plans to monetize Black Pearl Phase II via HPC tenants or mining

Cipher aims to become a leading developer of HPC data centers

Company has a 2.6-gigawatt pipeline for future development

Result Drivers

BLACK PEARL PHASE I - Exceeded growth targets, boosting self-mining capacity to 16.8 EH/s

NET LOSS -  Co reported a loss of $46 million, or $0.12 per share, and Adjusted Earnings of $30 million, or $0.08 per diluted share

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue Bitcoin Mining
$43.56 mln
Q2 EPS
-$0.12
Q2 Net Income
-$45.78 mln
Q2 Operating Income
-$45.24 mln
Q2 Pretax Profit
-$44.86 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Cipher Mining Inc is $7.25, about 28.1% above its August 6 closing price of $5.21

Press Release: ID:nGNX6BPZ1L

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)