Bitcoin miner Cipher posts $31 million profit as AI pivot begins
Bitcoin miner Cipher reported a $31 million profit for the third quarter, even though its revenue fell 63%. The result came from a $127 million accounting gain that offset an operating loss, as the company starts shifting toward artificial intelligence work. Bitcoin was $76,801 when the story ran and is down 0.3% since then.
Source: CoinDesk · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story−0.46% since the news
Price at the news$76,801.45
First hour after−0.29%
Since the news−0.46%
Volume that hour1.0× normal
Headline and excerpt credited to CoinDesk. Prices on this page are live, not from the time of the story. Not financial advice.