🔴 Cipher Mining is trading 6% down today after third-quarter revenue missed estimates

Cipher Mining is trading 5.69% down at $6.88 after its November 2 third-quarter results missed revenue expectations.

• Revenue was $26.7 million versus a $37.49 million consensus estimate; reported EPS of -$0.22 missed the -$0.16 estimate.
• First HPC lease revenue was $5.85 million, but Bitcoin mining revenue fell sharply year over year.
• Bitcoin and Ethereum were slightly higher, while major indices were also up, so broader-market weakness does not explain the decline.