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

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TLDR — 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.

Signal data─ Neutralconfidence 50%Low materiality
AssetEventminingEvent timeAttention0 readers/hrNormalSmart readers0

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.

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