Cipher mining provides second quarter 2024 business update

Current hashrate of ~8.7 eh/s on target for ~13.5 eh/s by end of 2024 and ~35.0 eh/s by end of 2025 acquiring additional 1.7 gw of power capacity suitable for hpc infrastructure or bitcoin mining second quarter 2024 gaap net loss of $15m, and non-gaap adjusted loss of $3m new york, aug. 13, 2024 (globe newswire) -- cipher mining inc. (nasdaq: cifr) (“cipher” or the “company”) today announced results for its second quarter ended june 30, 2024, with an update on its operations and business strategy. “we currently operate ~8.7 eh/s of self-mining hashrate and are on track to hit ~13.5 eh/s by year-end 2024, and ~35.0 eh/s by year-end 2025,” said tyler page, ceo of cipher.
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