According to BlockBeats, Cipher Mining has released its financial results for the second quarter of 2024. The company reported a net loss of $15 million under the Generally Accepted Accounting Principles (GAAP) and an adjusted non-GAAP loss of $3 million for the same period. Currently, Cipher Mining's hashrate stands at approximately 8.7 EH/s. The company aims to increase its hashrate to around 13.5 EH/s by the end of 2024 and further to about 35.0 EH/s by the end of 2025.