Cipher Mining's Q2 revenue was $44 million, with a net loss of $46 million

Cipher Mining announced its Q2 2025 financial report, with revenue of $44 million and a net loss of $46 million, resulting in a loss of $0.12 per share. Adjusted earnings are $30 million, with diluted earnings per share of $0.08. As of the end of the quarter, the self mining capacity reached 16.8 EH/s, and it is expected to increase to 23.5 EH/s by the end of the third quarter. In addition, the company has successfully completed a $172.5 million convertible bond issuance.