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Bitcoin miner Cipher posts $31 million profit as AI pivot begins

CoinDesk
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Bitcoin miner Cipher posts $31 million profit as AI pivot begins

The company's revenue dropped 63% in the third quarter, while a $127 million accounting gain helped turn an operating loss into a reported profit.

Key Takeaways

  1. The company's revenue dropped 63% in the third quarter, while a $127 million accounting gain helped turn an operating loss into a reported profit.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.