Technology

In its 4 August update, Cipher reported second-quarter revenue of US$24.8 million, all from bitcoin mining, down from US$43.6 million a year earlier. The net loss was US$267.5 million, or US$0.65 per share, including a non-cash US$150.5 million change in the fair value of …

Profitability moved the other way. Adjusted EBITDA fell 11.8% to US$19.0 million, a 13.3% margin against 18.4% a year earlier. Net income was US$5.8 million compared with US$9.7 million, and adjusted profit declined 29.2% to US$8.7 million. Diluted earnings per share were US$0.05 against …

Results released on 11 August covered the second quarter of 2026. Revenue reached USD 142.8 million, compared with USD 117.2 million a year earlier. Constant-currency growth was 14.1%, below the reported increase, showing that exchange rates contributed materially to the dollar-denominated result.

Ramji succeeded Thomas Hogan with immediate effect and joined the board. He acknowledged that annual recurring revenue, or ARR, had fallen short of expectations and said the company was taking action to improve execution.

Results released on 29 July showed gross billings of USD 587.3 million, up 17% year on year. Net sales increased 9% to USD 174.2 million, while gross profit rose 15% to USD 30.2 million.

Second-quarter 2026 results, released on 27 July, showed revenue of USD 4.70 billion, compared with USD 2.89 billion a year earlier. That exceeded the guided range of USD 4.15 billion to USD 4.45 billion.

The notes were issued by subsidiary CSDC Finance I and carry a 7.875% coupon, with maturity in 2031. They are unregistered securities. CleanSpark said the proceeds fund the Sandersville development.