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.

Shares of Cipher Digital Inc (NASDAQ: CIFR) are trading lower Tuesday morning after the company reported second-quarter financial results that missed Wall Street estimates.

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.