Initial HPC rent revenue $5.9M
Company: Cipher Mining
The claim, verbatim
Cipher recognized initial HPC rent revenue of $5.9 million in Q3, partially offsetting a 71% decline in bitcoin-mining revenue.
Source (primary)
Needham & Company LLC Issues Pessimistic Forecast for Cipher Mining (NASDAQ:CIFR) Stock Price - MarketBeat (-, news_article)
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Quote: “Bitcoin-mining revenue fell 71%, while initial HPC rent of $5.9 million replaced only a portion of the lost revenue.”
How we checked this
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Additional evidence
confirms Needham & Company LLC Issues Pessimistic Forecast for Cipher Mining (NASDAQ:CIFR) Stock Price - MarketBeat
Quote: “Bitcoin-mining revenue fell 71%, while initial HPC rent of $5.9 million replaced only a portion of the lost revenue.”