Stock Track | Cipher Mining Stock Plummets 6.55% on Mixed Q4 Earnings and Operational Updates

Stock Track

25 Feb

Cipher Mining Inc. (NASDAQ: CIFR) saw its stock price plummet 6.55% in pre-market trading on Tuesday, following the release of its fourth quarter and full year 2024 financial results and operational updates.

While the company reported adjusted earnings per share of $0.14 for Q4, beating analyst estimates, its revenue from bitcoin mining fell short of expectations at $42.2 million. For the full year 2024, Cipher Mining posted a net loss of $44.6 million, or $0.14 per share.

However, the company highlighted several key operational developments during the quarter, including:

Completing the upgrade of its Odessa fleet, increasing total self-mining hashrate to approximately 13.5 EH/s
Acquiring the 100 MW Stingray data center site in West Texas
Acquiring an additional 337 acres of land adjacent to its Barber Lake site
Entering into exclusivity to negotiate building an additional 500 MW HPC data center adjacent to the Barber Lake site

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(NASDAQ: CIFR) saw its stock price plummet 6.55% in pre-market trading on Tuesday, following the release of its fourth quarter and full year 2024 financial results and operational updates.</p>\n<p>While the company reported adjusted earnings per share of $0.14 for Q4, beating analyst estimates, its revenue from bitcoin mining fell short of expectations at $42.2 million. 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(NASDAQ: CIFR) saw its stock price plummet 6.55% in pre-market trading on Tuesday, following the release of its fourth quarter and full year 2024 financial results and operational updates.</p>\n<p>While the company reported adjusted earnings per share of $0.14 for Q4, beating analyst estimates, its revenue from bitcoin mining fell short of expectations at $42.2 million. For the full year 2024, Cipher Mining posted a net loss of $44.6 million, or $0.14 per share.</p>\n<p>However, the company highlighted several key operational developments during the quarter, including:\n</p><ul>\n<li>Completing the upgrade of its Odessa fleet, increasing total self-mining hashrate to approximately 13.5 EH/s</li>\n<li>Acquiring the 100 MW Stingray data center site in West Texas</li>\n<li>Acquiring an additional 337 acres of land adjacent to its Barber Lake site</li>\n<li>Entering into exclusivity to negotiate building an additional 500 MW HPC data center adjacent to the Barber Lake site</li>\n</ul>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CIFR","symbol_name":"Cipher Mining Inc.","start_time":0,"source_url":"","article_id":"1146339434","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146339434","pubTimestamp":1740494231,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cipher Mining Inc.  saw its stock price plummet 6.55% in pre-market trading on Tuesday, following the release of its fourth quarter and full year 2024 financial results and operational updates.While the company reported adjusted earnings per share of $0.14 for Q4, beating analyst estimates, its revenue from bitcoin mining fell short of expectations at $42.2 million. For the full year 2024, Cipher Mining posted a net loss of $44.6 million, or $0.14 per share.However, the company highlighted sever","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CIFR":"Cipher Mining Inc."},"translate_title":"股票追踪Cipher Mining股价因第四季度盈利和运营更新好坏参半而暴跌6.55%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIFR":1},"content_text":"Cipher Mining Inc. (NASDAQ: CIFR) saw its stock price plummet 6.55% in pre-market trading on Tuesday, following the release of its fourth quarter and full year 2024 financial results and operational updates.\nWhile the company reported adjusted earnings per share of $0.14 for Q4, beating analyst estimates, its revenue from bitcoin mining fell short of expectations at $42.2 million. 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