BUSINESSTHE BLOCK
Cipher slides 16% on wider Q2 losses as Bernstein sees upside from Texas power audit
Cipher, a bitcoin miner-turned-HPC developer, reported a Q2 net loss of $267.5 million, more than five times its loss from the same period last year. The company's stock slid 16% amid wider losses and Bernstein's assessment of potential upside from a Texas power audit.
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