Published: Jan. 2, 2024 at 9:56 a.m. ET
By Emon Reiser
Shares of Cipher Mining pushed higher after the cryptocurrency miner saw its bitcoin production increase month over month.
The stock rose 7% to $4.44 in Tuesday morning trading.
New…
By Emon Reiser
Shares of Cipher Mining pushed higher after the cryptocurrency miner saw its bitcoin production increase month over month.
The stock rose 7% to $4.44 in Tuesday morning trading.
New York-based Cipher in December produced 465 bitcoins, a 7.4% increase in production versus the previous month.
Cipher sold 228 bitcoins, ending the month with a balance of 796 bitcoins.
“We also entered into transactions to acquire new cutting-edge mining rigs for our increasingly ambitious growth plans,” Chief Executive Tyler Page said. “We finished the year with ample total liquidity of approximately $120 million in bitcoin and dollars, with no debt overhang.”
Write to Emon Reiser at emon.reiser@wsj.com
