Business
Cipher Mining Announces November 2023 Operational Update
NEW YORK, Dec. 04, 2023 (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, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for November 2023. Key Highlights Key MetricsNovember 2023*BTC Mined433Power Sales Equivalent BTC19BTC Sold391BTC Held558Deployed Mining Rigs70,000Month End Operating Hash Rate (EH/s)7.2 *Approximate values Management Commentary for November “Cipher’s production really hit its stride in November, when we mined more bitcoin than October despite having a day less on the calendar and average monthly network hash rate rising ~6.5% month-over-month. With Odessa fully up and running, we have continued to focus on improving machine repairs and available uptime, allowing us to achieve an all-time high site hash rate of ~6.24 EH/s at Odessa alone. We finished the month with the potential to mine up to ~15.7 bitcoin2 per day and continue to build our bitcoin inventory, ending the month with approximately 558 BTC,” said Tyler Page, CEO of Cipher. Cipher Mining’s Odessa Facility About CipherCipher 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 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 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-lookin...