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Cipher Digital Q3 Revenue Drops 62.8% as GAAP EPS Beats Estimate

Revenue was $26.7 million, $10.79 million below estimates; GAAP earnings per share were negative $0.22.

A blank earnings booklet sits beside a sharply shortened metal column / TokenPost.ai
A blank earnings booklet sits beside a sharply shortened metal column / TokenPost.ai

Cipher Digital Inc. (CIFR) posted $26.7 million in third-quarter revenue, a 62.8% year-over-year decline, while GAAP earnings per share beat estimates by 4 cents in its latest quarterly results.

Revenue missed estimates by $10.79 million. GAAP earnings per share were negative $0.22.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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