Cipher Mining Inc reports results for the quarter ended June 30 - Earnings Summary

• Cipher Mining Inc CIFR.OQ reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of eleven analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -13 cents to 3 cents per share.

• Revenue rose 18.4% to $43.57 million from a year ago; analysts expected $51.33 million.

• Cipher Mining Inc's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $45.78 million.

• Cipher Mining Inc shares had risen by 9.0% this quarter and gained 12.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"

• Wall Street's median 12-month price target for Cipher Mining Inc is $7.25, about 28.1% above its last closing price of $5.21

This summary was machine generated from LSEG data August 7 at 08:11 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)