~$5.6B borrowings and ~$59M quarterly interest expense
Company: Cipher Mining
The claim, verbatim
Approximately $5.6 billion of borrowings contributed to roughly $59 million in quarterly interest expense before the new data halls reach full rental capacity.
Source (primary)
Cipher Mining (NASDAQ:CIFR) Price Target Cut to $19.00 by Analysts at Rosenblatt Securities - MarketBeat (-, news_article)
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Quote: “approximately $5.6 billion of borrowings contributed to roughly $59 million in quarterly interest expense before the new data halls reach full rental capacity”
How we checked this
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Additional evidence
confirms Cipher Mining (NASDAQ:CIFR) Price Target Cut to $19.00 by Analysts at Rosenblatt Securities - MarketBeat
Quote: “approximately $5.6 billion of borrowings contributed to roughly $59 million in quarterly interest expense before the new data halls reach full rental capacity”