Cash Gross Margin-- 38.4% cash gross margin in Q2 2025, also within guidance and historical range of the last five years. Adjusted EBITDA-- Adjusted EBITDA was approximately a $40

Q2 2025 Earnings Call Transcript August 7, 2025 Cipher Mining Inc. reports earnings inline with expectations. Reported EPS is $-0.12 EPS, expectations were $-0.12. Courtney Knight: Good morning, and thank you for joining us on this conference call to address Cipher Mining’s business update for the second quarter of 2025.