Cipher Mining Q4 Sales $126.84M Beat $41.78M Estimate, Adj Earnings of $27.8M
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining (NASDAQ:CIFR) reported Q4 sales of $126.84M, surpassing the $41.78M estimate, marking a 203.60% beat and a 4.08K% increase from last year's $3.04M. Adjusted earnings were $27.8M.
March 05, 2024 | 12:03 pm
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Cipher Mining reported Q4 sales of $126.84M, significantly beating the $41.78M estimate, and adjusted earnings of $27.8M.
The substantial beat on both sales and adjusted earnings estimates indicates strong operational performance and efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
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