Cipher Digital sold 1619 bitcoins at a loss of $47.7 million

On 6 August, the Bitcoin mining company Cipher Digital sold 1619 bitcoin and received $123.4 million, confirming a loss of $47.7 million. According to its submission, interest expenditure amounted to $66.7 million, while mine-mining revenue amounted to $24.8 million. By the end of June, Cipher held 646 bitcoin, valued at $37.8 million. Quarterly mining revenues decreased from $43.6 million in the same period last year, with a loss of $23.5 million in the second quarter。