Cipher Mining (CIFR) reported Q1 adjusted earnings Tuesday of $0.02 per diluted share, down from $0.21 a year earlier. Analysts polled by FactSet expected $0.04.
The company posted a Q1 GAAP loss of $0.11, compared with a FactSet estimate for a loss of $0.08.
Revenue for the quarter ended March 31 was $49 million, up from $48.1 million a year earlier.
Analysts surveyed by FactSet expected $52.1 million.