Cipher Mining, a publicly traded mining company in the United States, reported a net loss of $15 million in the second quarter.

Cipher Mining, a US-listed mining company, reported a net loss of $15 million in the second quarter of 2024, slightly higher than the net loss of $13.2 million in the same period last year. The company's cash and cash equivalents reached $122.56 million, a significant increase from $86.11 million at the end of 2023, mainly due to the issuance of $163.28 million in common stock. Cipher also reported a current computing power of about 8.7 EH/s, with a goal of reaching 13.5 EH/s by the end of 2024; at the same time, Cipher is expanding its computing power and plans to further enter the field of high-performance HPC. (The Block)