Business
Cipher Mining Announces July 2024 Operational Update
NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and
About this update from Cipher Digital Inc.
[{"type":"text","content":"NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for July 2024. Key Highlights Key MetricsJuly 2024BTC Mined1178BTC Sold108BTC Held2,270Deployed Mining Rigs75,000Month End Operating Hash Rate (EH/s)8.7 1 Includes July power sales estimates (based on current meter data and nodal prices) equivalent to 9 bitcoin (using month-end bitcoin price of $63,921) Management Commentary for July Our earnings call is scheduled for Tuesday, August 13th at 8:00 a.m. Eastern Time. Please join then for an update on the business – register here or access the webcast through our investor website at https://investors.ciphermining.com. Bitcoin Production and Operations Updates for July 2024 Cipher produced ~1781 BTC in July. As part of its regular treasury management process, Cipher sold ~108 BTC in July, ending the month with a balance of ~2,270 BTC. About Cipher Cipher is an emerging technology company focused on the development and operation of bitcoin mining data centers. Cipher is dedicated to expanding and strengthening the Bitcoin network's critical infrastructure. Together with its diversely talented team and strategic partnerships, Cipher aims to be a market leader in bitcoin mining growth and innovation. To learn more about Cipher, please visit https://www.ciphermining.com/ Forward Looking Statements This 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 Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations regarding our future results of operations and financial position, business strategy, timing and likelihood of success, potential expansion of or additional bitcoin mining data centers, expectations regarding the operations of mining centers, and management plans and objectives, are forward-looking statements and should be evaluated as such. Forward-looking statements include infor...