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Cipher Mining Announces April 2025 Operational Update
NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations
About this update from Cipher Digital Inc.
[{"type":"text","content":"NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for April 2025. Key Highlights Key MetricsApril 2025BTC Mined1174BTC Sold350BTC Held2855Deployed Mining Rigs75,000Month End Operating Hashrate (EH/s)13.5Month End Fleet Efficiency (J/TH)18.9 1 Includes April power sales estimates (based on current meter data and nodal prices) equivalent to ~3 bitcoin (using month-end bitcoin price of $94,808) and ~24 BTC mined at JV data centers representing Cipher’s ownership2 Includes ~379 BTC pledged as collateral Management Commentary for AprilCipher delivered solid production in April despite a three-day planned shutdown at Odessa by the Company’s power provider for on-site maintenance. Under the terms of the power purchase agreement, Cipher’s power provider is entitled to 5% curtailment hours per annum at the site. Looking ahead, Cipher’s earnings call is scheduled for Tuesday, May 6th at 8:00 a.m. Eastern Time, at which point the Company will share a business update. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. Bitcoin Production and Operations Updates for April 2025Cipher produced ~1741 BTC in April. As part of its regular treasury management process, Cipher sold ~350 BTC in April, ending the month with a balance of ~8552 BTC. Black Pearl remains on track to energize in the second quarter. About CipherCipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world's largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/. Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Liti...