Cipher Mining Purchases 7.1 EH/s of New Miners and Option to Purchase an Additional 8.7 EH/s of Latest Generation Miners from Bitmain
18 Dicembre 2023 - 1:00PM
Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher”), a leading developer
and operator of bitcoin mining data centers, announced today that
it has entered into an agreement with Bitmain to purchase 37,396
units of the latest generation Antminer T21 miners, representing
7.1 EH/s of self-mining capacity to be delivered in the first half
of 2025. Cipher has also purchased the option to acquire an
additional 45,706 miners representing 8.7 EH/s in 2024.
Tyler Page, CEO of Cipher, commented, “We are very excited to
continue our track record of investing opportunistically during
lulls in the bitcoin mining cycle. By acquiring 7.1 EH/s of
Bitmain’s T21 mining rigs, we can build out the first 135 MW at our
newly acquired Black Pearl site. We also have an option to acquire
up to an additional 8.7 EH/s of T21s in 2024. Cipher’s custom
software and operations stack, combined with the attractive pricing
dynamics in the ERCOT market, will allow us to fully utilize the
unique qualities of the T21’s energy modes to maximize profits at
Black Pearl. Furthermore, by locking in our price for mining
rigs at a very attractive $14/TH, we are controlling our biggest
potential capital expense and locking in favorable terms ahead of
what we believe will be a bull market for bitcoin.”
“If we choose to exercise our full purchase option, we will have
enough mining rigs for another 165MW of infrastructure. We are
considering many near-term attractive opportunities for expansion
with these rigs at sites in 2024, as well as the continued buildout
of Black Pearl in 2025. By securing favorable pricing on rigs,
we have now built the foundation for our massive upcoming
expansion,” added Mr. Page.
|
Total Hash Rate (EH/s) |
Efficiency (J/TH) |
|
|
|
Cipher's Current Operating Fleet |
7.2 |
31.2 |
Cipher's Current & Contracted Fleet + Full Purchase
Option |
24.2 |
22.6 |
|
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-looking statements
and should be evaluated as such. Forward-looking statements include
information concerning possible or assumed future results of
operations, including descriptions of our business plan and
strategies. These forward-looking statements generally are
identified by the words “may,” “will,” “should,” “expects,”
“plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,”
“projects,” “contemplates,” “believes,” “estimates,” “strategy,”
“future,” “forecasts,” “opportunity,” “predicts,” “potential,”
“would,” “will likely result,” “continue,” and similar expressions
(including the negative versions of such words or expressions).
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Cipher and our
management, are inherently uncertain. Such forward-looking
statements are subject to risks, uncertainties, and other factors
that could cause actual results to differ materially from those
expressed or implied by such forward looking statements. New risks
and uncertainties may emerge from time to time, and it is not
possible to predict all risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: volatility in the price of Cipher’s securities due to a
variety of factors, including changes in the competitive and
regulated industry in which Cipher operates, variations in
performance across competitors, changes in laws and regulations
affecting Cipher’s business, and the ability to implement business
plans, forecasts, and other expectations and to identify and
realize additional opportunities. The foregoing list of factors is
not exhaustive. You should carefully consider the foregoing factors
and the other risks and uncertainties described in the “Risk
Factors” section of our Annual Report on Form 10-K filed with the
Securities and Exchange Commission (“SEC”) on March 14, 2023, and
in Cipher’s subsequent filings with the SEC. These filings identify
and address other important risks and uncertainties that could
cause actual events and results to differ materially from those
contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Cipher assumes no obligation and, except as required by law,
does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
or otherwise.
Contacts:Investor Contact:Josh
KaneHead of Investor Relations at Cipher
Miningjosh.kane@ciphermining.com
Media Contact:Ryan Dicovitsky / Kendal
TillDukas Linden Public RelationsCipherMining@DLPR.com
Grafico Azioni Cipher Mining (NASDAQ:CIFR)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Cipher Mining (NASDAQ:CIFR)
Storico
Da Set 2023 a Set 2024