Cipher Mining (CIFR) shares were down over 7% in recent Thursday trading after the company posted an adjusted loss in Q3 with revenue decreasing year-over-year.
The company reported Q3 adjusted loss of $0.01 per share, swinging from earnings of $0.01 per share a year earlier.
Analysts polled by Capital IQ expected adjusted earnings of $0.03.
Revenue from bitcoin mining for the quarter ended Sept. 30 was $24.1 million, down from $30.3 million a year earlier.
Analysts surveyed by Capital IQ expected $28.1 million.
Price: 4.89, Change: -0.40, Percent Change: -7.48
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