According to Foresight News , citing The Block, Bitcoin mining company Cipher Digital reported a net loss of $114 million in the first quarter, nearly double the $39 million loss in the same period in 2025. Bitcoin mining revenue fell to $35 million from $49 million during the same period, and the value of the company's Bitcoin holdings decreased from $125 million to $76 million. Cipher Digital CEO Tyler Page stated that the company is accelerating its transformation into an AI data center and has signed its third lease agreement related to an AI data center campus, securing a revolving credit line of up to $200 million.
Cipher Digital reported a net loss of $114 million in Q1, nearly double the loss in the same period last year.
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
