Cipher mining provides first quarter 2024 business update

First quarter 2024 gaap net income of $40m, and non-gaap adjusted earnings of $63m first quarter 2024 revenues of $48m current self-mining hash rate of ~7.7 eh/s and on track to reach ~9.3 eh/s by end of third quarter 2024, with plans to grow to ~25.1 eh/s by end of 2025 new york, may 07, 2024 (globe newswire) -- cipher mining inc. (nasdaq: cifr) (“cipher” or the “company”) today announced results for its first quarter ended march 31, 2024, with an update on its operations and deployment strategy. “we are delighted to announce results for the first quarter of 2024 in which we delivered another quarter of record net income on both a gaap and non-gaap basis,” said tyler page, ceo of cipher.
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