Cipher Digital posts $114M Q1 loss

Nasdaq-listed Bitcoin mining company Cipher Digital (CIFR) recorded a loss of $114 million in the first quarter, The Block reported. This figure is more than double the $39 million loss from the same period last year. The company's BTC mining revenue also decreased to $35 million from $49 million year-over-year, while the value of its BTC holdings fell from $125 million to $76 million.