Cipher Mining Announces Significant Upgrades to its Mining Fleet and Increases Target Hash Rate and Fleet Efficiency for 2024 and 2025
Cipher Mining (CIFR) GlobeNewswire News Room·2024-06-05 21:55
New 2024 year-end self-mining hash rate target of ~13.5 EH/s with fleet efficiency of ~18.6 J/TH New 2025 year-end self-mining hash rate target of ~35 EH/s with fleet efficiency of ~15 J/TH Upgraded rigs to S21 Pro and accelerated delivery to 4Q 2024 on existing Bitmain contract Executed additional purchase of ~1.25 EH/s of latest generation Canaan A1566 miners with option to purchase an additional 160 MW of future generation miners in 2025 NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (N ...