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Cipher Mining Announces March 2025 Operational Update
NEW YORK, April 04, 2025 (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, April 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for March 2025. Key Highlights Key MetricsMarch 2025BTC Mined1210BTC Sold206BTC Held21,034Deployed Mining Rigs75,000Month End Operating Hashrate (EH/s)13.5Month End Fleet Efficiency (J/TH)18.9 1 Includes March power sales estimates (based on current meter data and nodal prices) equivalent to 3 bitcoin (using month-end bitcoin price of $82,945) and 26 BTC mined at JV data centers representing Cipher’s ownership 2 Includes ~394 BTC pledged as collateral Management Commentary for March In March, Cipher demonstrated the strength of its mining operation with another month of consistent production. Since the last update, the company has continued to make substantial progress on the construction of Black Pearl, highlighted by the ahead of schedule receipt of our second transformer for the site. In addition, Cipher maintains high conviction in the HPC opportunity, and in the significant value of our pipeline for HPC compute. Bitcoin Production and Operations Updates for March 2025 Cipher produced ~2101 BTC in March. As part of its regular treasury management process, Cipher sold ~206 BTC in March, ending the month with a balance of ~1,0342 BTC. Black Pearl construction continues to progress ahead of schedule. About Cipher Cipher 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 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, such as, statements about the Company’s beliefs and expectations regardin...