[Cipher Reports Q3 Net Profit of $31.6 Million, Revenue Down 63% Year-over-Year] According to CoinDesk, Cipher Digital, a Bitcoin mining company that has transitioned into data center development, reported a net profit of $31.6 million in the third quarter, despite a 63% year-over-year decline in revenue. Revenue fell to $26.7 million from $71.7 million in the same period last year, with Bitcoin mining contributing $20.8 million, a 71% decrease, as Cipher shifted its computing power from mining to leasing data centers to AI companies. This quarter marked the first time Cipher generated revenue from this business, with its Black Pearl data center in Texas generating $5.9 million after its first phase went live in August. Cipher reported an operating loss of $71.9 million, up from $37.6 million in the same period last year; adjusted EBITDA fell to a negative $10 million from a positive $40.8 million.