[Cipher Digital's Q3 Revenue Drops 63% Year-over-Year to $31.6 Million Net Profit] Odaily Planet Daily reports that Cipher Digital, a Bitcoin mining company transitioning to data center development, announced a net profit of $31.6 million for the third quarter, a 63% year-over-year decrease in revenue. Its Q3 revenue fell to $26.7 million from $71.7 million in the same period last year, with Bitcoin mining revenue at $20.8 million, a 71% year-over-year decrease. Cipher Digital shifted its computing power from mining to leasing data centers to AI companies. The first phase of its Black Pearl, Texas data center went online in August, generating $5.9 million in revenue for the first time. The quarterly operating loss was $71.9 million, higher than the $37.6 million in the same period last year; adjusted EBITDA decreased from a profit of $40.8 million to a loss of $10 million.