Cipher Digital Widens Q1 Loss to $114M on AI Shift

TLDR Cipher Digital reported a net loss of $114 million in the first quarter, more than double the loss a year earlier. Bitcoin mining revenue fell to $35 million from $49 million during the same period last year. The company reduced its bitcoin holdings to $76 million from $125 million year over year. Cipher Digital [...]

The post Cipher Digital Widens Q1 Loss to $114M on AI Shift appeared first on Blockonomi.