Cipher Mining Inc
NASDAQ:CIFR
Gross Margin
Cipher Mining Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Cipher Mining Inc
NASDAQ:CIFR
|
1.1B USD |
59%
|
|
| US |
|
Ezenia! Inc
OTC:EZEN
|
567B USD |
62%
|
|
| DE |
|
SAP SE
XETRA:SAP
|
296.1B EUR |
74%
|
|
| US |
|
Palantir Technologies Inc
NYSE:PLTR
|
261.2B USD |
80%
|
|
| US |
|
Salesforce Inc
NYSE:CRM
|
254.2B USD |
77%
|
|
| US |
|
Intuit Inc
NASDAQ:INTU
|
172.9B USD |
79%
|
|
| US |
|
Adobe Inc
NASDAQ:ADBE
|
162.3B USD |
89%
|
|
| US |
N
|
NCR Corp
LSE:0K45
|
111.8B USD |
20%
|
|
| US |
|
Applovin Corp
NASDAQ:APP
|
96.9B USD |
75%
|
|
| US |
|
Microstrategy Inc
NASDAQ:MSTR
|
90.8B USD |
72%
|
|
| US |
|
Cadence Design Systems Inc
NASDAQ:CDNS
|
78.3B USD |
86%
|
Cipher Mining Inc
Glance View
Cipher Mining Inc., a young frontrunner in the evolving blockchain sphere, embraces the digital frontier with a focus on Bitcoin mining. Born from a merger with Good Works Acquisition Corp., Cipher positions itself as a pivotal player harnessing the power of cryptography and massive computational operations. At the heart of its business model is the operation of cutting-edge data centers dedicated to solving complex algorithms on the Bitcoin network. By successfully solving these cryptographic puzzles, Cipher earns freshly minted bitcoins as block rewards, essentially creating new currency, while also processing and validating transactions on the blockchain. Strategically, Cipher Mining situates its operations predominantly in areas where electricity is both affordable and sustainable. This emphasis on economical and green energy sources is vital since powering the high-performance computing equipment is one of the largest cost drivers in this business. As cryptocurrency prices fluctuate, Cipher’s revenue grows not just from newly mined bitcoins but also from transaction fees associated with blocks it helps process. Thus, Cipher’s profitability is intricately linked to both the efficiency of its operations and the broader dynamics of the cryptocurrency market, tying its fortunes to the volatile value and the continued adoption of Bitcoin.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Cipher Mining Inc's most recent financial statements, the company has Gross Margin of 58.8%.
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