Cipher Mining is an industrial-scale Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network's critical infrastructure in the U.S.
$CIFR Announces Acquisition of New 300 MW Data Center Site in West Texas
*The immediately available 250-acre site includes a newly constructed high-to-mid voltage substation, approvals for 300 MW, and agreements necessary to participate in the ERCOT market
*New site is equally
We are pleased to share that $CIFR delivered another solid month of production in June. We continued to expand operations and energized the 30 MW expansions at each of our Bear and Chief data centers. We also installed all the new mining rigs at Bear and expect to finish
$CIFR Announces Significant Upgrades to its Mining Fleet and Increases Target Hash Rate and Fleet Efficiency for 2024 and 2025
· 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
$CIFR released its March 2024 production report this afternoon. We delivered another solid month of production, continued to grow our $BTC inventory to ~1,741 BTC, and made good progress in expanding our data centers. More here:
Today $CIFR announced a 60 MW expansion at our Bear and Chief JV data centers, along with the purchase of 16k+ new miners from Canaan for delivery in the second quarter, bringing our expected total self-mining capacity to ~8.4 EH/s. More here:
$CIFR released its December 2023 production report this morning. Last month we mined ~465
#Bitcoin
and purchased new rigs to support our exciting growth plans. We enter 2024 with a strong liquidity position and a balance of ~796 $BTC. Release:
This morning Cipher Mining released Q1 2024 earnings, marking another consecutive quarter of record net income on both a GAAP and non-GAAP basis.
We are also accelerating our plans at Black Pearl and will build the entire 300 MW data center in 2025. In total, we expect to be at
$CIFR recently announced the acquisition of a new 300 MW data center and an aggregate data center portfolio that exceeds 2.5 GW. All the sites are suitable for both bitcoin mining and HPC data centers. The Company is also on track to end 2024 with ~13.5 EH/s of bitcoin mining
Today we shared our Q4 & FY 2023 update, marking $CIFR’s first full quarter with all 4 of its initial data centers fully operational. We delivered Q4 GAAP earnings of $10.6m & adjusted earnings of $27.8m, driven by best-in-class unit economics. More here:
This morning Cipher Mining released its Q2 2024 business update, marking another quarter that continued momentum toward ~13.5 EH/s by year-end 2024, and ~35.0 EH/s by year-end 2025. Some key developments from the past quarter included:
*Odessa site upgrade bringing total
Today $CIFR announced another solid month of production (here: ). Our Q4 and FY’23 earnings call will be on Tuesday, March 5th and we’re excited to share our latest financials and growth plans. To listen in register here:
$CIFR released its May 2024 production report this morning. We continued to build $BTC inventory and focus on expanding our operations.
We’re also excited to share that we have signed a term sheet to acquire a new site in Texas with at least 70 MW available in 2026, and the
$CIFR is proud to share that the
@UptimeInstitute
recently awarded our Odessa data center the Management & Operations (M&O) Stamp of Approval, making $CIFR the first and only company in the BTC mining industry to receive this landmark achievement.
The Uptime Institute, a
Today $CIFR announced an agreement to purchase 7.1 EH/s of latest generation Bitmain T21 rigs with the option to acquire another 8.7 EH/s at a fixed price of $14/TH. The rigs can be used for opportunities in 2024 and for Black Pearl in 2025. Release here:
$CIFR released its January 2024 production report this afternoon. We continued to add to our bitcoin inventory, which is now at 1,132 bitcoin. We also received the first shipment of new Bitmain S21 rigs! More here:
$CIFR delivered a solid month of production during a hot August in Texas. As expected over the summer, the Company saw meaningful curtailment from its power provider at the Odessa data center during the month.
The $CIFR team has been very active this summer managing operational
We just released $CIFR’s production update for the month of April – we continued to build $BTC inventory while making good progress on site expansions. More here:
We look forward to updating the market in more detail next week on our earnings call on May
$CIFR delivered another solid month of production in 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 at or access the webcast through our investor website at
Today $CIFR announced another strong month of production as part of our Nov. ‘23 report. We’ve hit our stride - mining more
#BTC
than last month despite average monthly network hash rate rising ~6.5% month-over-month.
Release here:
We continue our buildout at Odessa at max velocity. We closed December with the potential to mine ~6.6
#BTC
at the site each day — up ~84% in just a single month.
The
@CipherInc
Team is excited for the 4th
#Bitcoin
halving today. To hear our CEO,
@rftylerpage
, and guests discuss the halving, make sure to tune in to the
@PubKey_NYC
spaces at 2pm. Happy halving day!
Over the course of January 2023, we produced ~343
#bitcoin
and achieved a new all-time high hash rate capacity of 4.3 EH/s. At $CIFR we remain on track to build out ~6 EH/s of self-mining capacity in Q1 '23.
$CIFR's CEO,
@rftylerpage
, participated in the
#PowerMiningAnalysis
podcast with
@cazenove_uk
and
@McnallieM
to discuss $CIFR's recent earnings, the convergence of HPC and BTC mining, and $CIFR's growth strategy. Check out the interview in the link below:
Link:
$CIFR delivered record
#BTC
production in May with the potential to mine approximately 17.4
#bitcoin
per day. With the first 3,120 Canaan rigs already shipped and ready to be received at Odessa, we are well on track to deliver on our goal of 7.2 EH/s by the end of Q3.
Today we announced an agreement with
@BitfuryGroup
to purchase 28,000-56,000 Bitfury next generation mining rigs – an important milestone as we build out a significant $BTC mining footprint in the U.S. $CIFR
We are excited to announce the formation of Cipher Mining, a US-based $btc mining champion. Many thanks to Good Works, Bitfury and our investors. Visit to learn more. .
Today, $CIFR’s CEO,
@rftylerpage
, joined Bloomberg’s
@crypto
show to discuss the $BTC halving. Check out the interview to hear more about the shifting investor landscape and the two main catalysts driving $BTC markets just days before the halving:
At our Odessa site, we have a long-term, fixed price power contract that allows us to mine
#BTC
or resell our power, ensuring we have flexibility to respond to market conditions. Take a look at the amazing progress already made in Texas.
In December we bought 7,200 new rigs at very attractive prices, bringing our total purchased fleet to 59,000+ rigs. We anticipate expanding our self-mining capacity to ~6 EH/s in Q1’23.
Today we published $CIFR ’s production report for February ‘23. We produced 398
#BTC
(a ~16% increase in production compared to last month) and achieved a new all-time high hash rate capacity of 5.2 EH/s. See the full update here:
Today $CIFR announced 3Q23 business updates: completed build-out of Odessa; achieved all-time high 7.2 EH/s; signed agreement to acquire new site of up to 300 MW; purchased ~1.2 EH/s S21 Bitmain rigs; and more. Release here: .
Today we announced the completion of our business combination with Good Works and that we expect to begin trading on Nasdaq on Monday, 8/30 under new ticker symbols $CIFR and $CIFRW – a significant milestone as we pursue our unique $BTC mining opportunity.
$CIFR announced June bitcoin production today, with the potential to mine ~17.1
#BTC
per day and 6.7 EH/s of self-mining capacity at month end. With the arrival of all 11,000 new Canaan rigs, we are on track to meet our goal of 7.2 EH/s by end of Q3. More:
September marked another solid month for $CIFR. We also finished building out Odessa to get to our goal of 7.2 EH/s of mining capacity across our portfolio. More here:
Public Service Announcement:
Cipher Mining has two social media accounts (linked below) and we are not affiliated with any other accounts claiming to represent the company.
Social Media Accounts:
*Twitter -
@CipherInc
*LinkedIn -
As part of our Q4 results, today we announced that we started bitcoin mining in February - another exciting step for Cipher as we establish ourselves as a key player in the $BTC network $CIFR
#bitcoinnews
We released our March production report with total self-mining capacity reaching an all-time high of 5.7 EH/s across all sites. With shipments of miners arriving at Odessa in April, we expect to reach our initial goal of 6 EH/s.
More here:
$CIFR
#BTC
$CIFR released our 2Q23 update this morning, and we achieved an all-time high hash rate of 6.8 EH/s self-mining capacity and remain on track to achieve 7.2 EH/s in 3Q23. In addition, we welcomed Robert Flatley to our Board of Directors. Full update here:
We released $CIFR ’s Q4’22 / FY’22 business update. With all 4 initial data centers operational & hashing at an all-time high capacity of ~5.2 EH/s, we’re excited about the future. Listen in for a lively Q&A w/
@rftylerpage
:
$CIFR’s CEO,
@rftylerpage
, participated in
@bbgoriginals
coverage of the upcoming halving and the future of
#bitcoin
mining. Check out the mini-docu segment to hear more about bitcoin mining economics. Full video here:
Our April ‘23 production and operations update was just released, marking another strong month at $CIFR. We achieved a new all-time high hash rate capacity of 6.0 EH/s.
Full update here:
#BTC
$CIFR's 1Q23 business update went out this morning: we achieved a self-mining capacity of over 6.0 EH/s -- a new all-time high -- and announced the purchase of 11,000 new rigs which will bring our capacity to over 7.2 EH/s in Q3. Full update here:
#BTC
$CIFR announced July production today with the potential to mine ~16.5
#bitcoin
per day and 6.8 EH/s of self-mining capacity at month end. As we near completion and last stages of capex at Odessa, we were able to grow our
#BTC
inventory to 518. Release:
Today we held $CIFR’s Q2 2022 business update. The highlights: Meeting build-out milestones for initial data centers; on track to deploy up to 6.9 EH/s by early 2023; maintaining our cost-efficient power pricing edge; and adding to our best-in-class team
On January 18th at 2:15pm ET our CEO
@rftylerpage
and CFO Edward Farrell will deliver an in-person presentation at the 26th Annual Needham Growth Conference. Details, including how to watch a live webcast, can be found here:
$CIFR
#bitcoin
On Tuesday, March 14th, $CIFR will be holding its Q4 and full year ‘22 earnings conference call at 8:00am ET - we invite you to tune in to hear the latest business updates and financial results ()
#bitcoin
#bitcoinmining
Thanks to
@wsfoxley
from The Mining Pod Podcast for hosting our CEO,
@rftylerpage
, to talk about the amazing growth of $CIFR over the past 18 months! Tune in to hear more of Tyler’s thoughts at
For those who missed our CEO,
@rftylerpage
, speak at the Needham conference, please see the webcast replay to hear his latest thoughts:
$CIFR
#bitcoinmining
#BTC
We are making progress as we ramp up operations at Odessa: today we announced new mining rigs will be installed - purchased w/ minimal cash outlay as we continue to demonstrate market leadership in managing current cyclicality of prices -
#bitcoin
$CIFR
$CIFR delivered another solid month, finishing August with the potential to mine ~16.1
#bitcoin
per day and 6.8 EH/s of self-mining capacity. We are on track to deliver 7.2 EH/s by end of Q3 and ended the month with a
#BTC
inventory of 519. More here:
Today we released our first monthly unaudited production report for December '22 at $CIFR – we mined 225
#BTC
and achieved new high hash rate capacity of 2.8 EH/s - full release here:
We are thrilled to announce the promotions of Will Iwaschuk and Patrick Kelly to Co-Presidents and Olivia Stennett to Chief Administrative Officer. People are our greatest asset, driving our success. Read about their contributions to $CIFR's story here:
We are excited to announce in an amended Form S-4 filing, details of our signed power agreements, which will accommodate up to 910MW of power capacity by the end of 2026. $BTC
🚨Reminder🚨 LIVE X SPACES - TOMORROW, 12 EST with $CIFR
@CipherInc
CEO Tyler Page
@rftylerpage
Join us for a structured Q&A from myself & co-host
@Adrian_R_Morris
w/audience Q&A to follow as time allows.
Tune in:
We were delighted to participate in the Canaccord Genuity 43rd Annual Growth Conference last week. Please tune in below to listen to Tyler's fireside chat where he provides key commentary post $CIFR's Q2 earnings:
Today $CIFR announced another solid month of production in October (here: ). We look forward to updating investors on our operations, financials and growth plans next week on our Q3 ’23 earnings call (11/8 at 8am ET). Register here:
Our CEO
@rftylerpage
presented at yesterday’s Needham Growth Conference. Tyler walked through the amazing progress we’ve made over the past year and the growth opportunities we see in 2023. Check out the replay here: $CIFR
#BTC
We are excited to share that our Odessa site has begun
#BTC
mining - representing a critical step in $CIFR’s journey. With the completion of Odessa, we now operate 4 data centers with total capacity expected to ramp up to 267 MW in early 2023 -
Our monthly operations report for January '23 at $CIFR highlights our progress as a leading
#bitcoin
miner. We expanded our hash rate capacity, continued to ramp up operations at Odessa, & added to our
#BTC
inventory. Full release here:
The
#crypto
gold rush has given rise to a number of
#bitcoin
mining companies like Cipher Mining, which aims to go public via SPAC soon, but environmental concerns are raising red flags. Cipher CEO Tyler Page on the future of
#bitcoin
mining.
Tune in tomorrow (1/12) to hear from Cipher’s CEO
@rftylerpage
, who will be speaking at the 25th Annual Needham Growth Conference at 4:30 pm ET. Register here to listen in: $CIFR
#BTC
#bitcoin
Excited to have our CEO
@rftylerpage
participating in a fireside chat tomorrow (on 9/7) at 1.30pm ET at the upcoming Needham Virtual Crypto Conference. We invite you to register here:
$CIFR
#BTC
Today we held Cipher’s Q1 2022 business update- sharing the latest on operations and deployment strategy. We continue to hit milestones: began $BTC mining, advanced four sites, closed ~$47MM debt financing for Alborz, and increased hashrate forecast. $CIFR
Our CEO Tyler Page will discuss our merger with $GWAC and plans to strengthen the $BTC mining industry this morning at 9:00amET on
@CoinDesk
TV. For information on the merger, please see
Our CEO
@rftylerpage
joined
@CoinDesk
TV last week to discuss our merger with $GWAC and $BTC mining. View the segment here:
For information on the merger, please see
“The mining business is vital to the success for the network overall,” Cipher Mining CEO Tyler Page says about Bitcoin. “That’s our business, helping that infrastructure survive and grow.”
$CIFR shared a strong Q3’22 business update - demonstrating our resilient position as a low-cost $BTC producer. We continue to hit key milestones: two additional data centers already hashing and expect the first 2.3 EH/s online this month at our fourth - .
We're excited to announce the appointment of Patrick Kelly as our Chief Operating Officer, who will play a valuable and experienced role on our leadership team. Learn more here: