Cipher slides 16% on wider Q2 losses as Bernstein sees upside from Texas power audit

The bitcoin miner-turned-HPC developer posted a net loss of $267.5 million in Q2, more than five times the loss it registered a year ago.
Coins in this story
Discussion
Related stories

Bitcoin ETFs log inflows as cold wallet hack reignites custody debate
US spot Bitcoin ETFs drew $382 million in two-day inflows, with Galaxy’s Bitcoin ETF returning to gains as the Coldcard incident renewed custody concerns.

S&P assigns top stability rating to BlackRock tokenized reserve fund
S&P Global Ratings awarded its top AAAm principal stability rating to BlackRock's tokenized money market fund, BRSRV. The vehicle acts as a reserve asset for stablecoin issuers under the GENIUS Act by investing in cash and short-term US Treasuries. Meanwhile, S&P reaffirmed its weak rating of 5 for Tether's USDT stablecoin, while USDC maintained a strong rating of 2, highlighting a growing regulatory divide between institutional tokenized reserves and offshore stablecoins.

Coldcard hack sparks a self-custody security overhaul: Cory Klippsten
The attack exposed a five-year-old firmware flaw. The industry’s rapid response is accelerating the adoption of collaborative multisig security.