Google’s $3 Billion AI Bet on a Bitcoin Miner – Cipher Mining’s Q3 Bombshell Deals
Cipher Mining’s third quarter 2025 financial results underscore a company in transition. Revenue came in at $72 million, more than triple the year-ago quarteretfchannel.com. This jump was largely thanks to new mining capacity like the Black Pearl site ramping up Bitcoin production and efficiencyetfchannel.com. Despite the rapid growth, the company recorded a modest net loss of $3 million under GAAP accountingstocktitan.net. Notably, after adjusting for various items, Cipher actually achieved $41 million in adjusted earningsstocktitan.net, reflecting the strong underlying profitability of its operations.
