Cipher Mining Announces February 2025 Operational Update
Cipher Mining (NASDAQ:CIFR) has released its operational update for February 2025, demonstrating robust performance despite a planned maintenance shutdown at its Odessa facility. The company achieved a production of ~1,801 Bitcoin during the month.
As part of its treasury management strategy, Cipher sold approximately 235 BTC in February, concluding the month with a balance of ~1,032 BTC. The company also reported progress at its Black Pearl site with the arrival of the first substation transformer.
Cipher Mining (NASDAQ:CIFR) ha rilasciato il suo aggiornamento operativo per febbraio 2025, dimostrando una performance robusta nonostante una chiusura per manutenzione programmata presso il suo stabilimento di Odessa. L'azienda ha raggiunto una produzione di ~1.801 Bitcoin durante il mese.
Come parte della sua strategia di gestione della tesoreria, Cipher ha venduto circa 235 BTC a febbraio, concludendo il mese con un saldo di ~1.032 BTC. L'azienda ha anche riportato progressi presso il suo sito Black Pearl con l'arrivo del primo trasformatore della sottostazione.
Cipher Mining (NASDAQ:CIFR) ha publicado su actualización operativa para febrero de 2025, demostrando un rendimiento sólido a pesar de un cierre programado por mantenimiento en su instalación de Odessa. La compañía logró una producción de ~1.801 Bitcoin durante el mes.
Como parte de su estrategia de gestión de tesorería, Cipher vendió aproximadamente 235 BTC en febrero, finalizando el mes con un saldo de ~1.032 BTC. La empresa también informó sobre avances en su sitio Black Pearl con la llegada del primer transformador de subestación.
Cipher Mining (NASDAQ:CIFR)는 2025년 2월 운영 업데이트를 발표하며, 오데사 시설에서 예정된 유지보수 정지에도 불구하고 강력한 성과를 보여주었습니다. 이 회사는 이번 달에 ~1,801 비트코인을 생산했습니다.
재무 관리 전략의 일환으로, Cipher는 2월에 약 235 BTC를 판매하였으며, 월말에 ~1,032 BTC의 잔액으로 마감했습니다. 이 회사는 또한 블랙 펄 사이트에서 첫 번째 변전소 변압기의 도착을 보고했습니다.
Cipher Mining (NASDAQ:CIFR) a publié sa mise à jour opérationnelle pour février 2025, montrant une performance robuste malgré un arrêt de maintenance prévu dans son installation d'Odessa. L'entreprise a atteint une production de ~1.801 Bitcoin au cours du mois.
Dans le cadre de sa stratégie de gestion de trésorerie, Cipher a vendu environ 235 BTC en février, terminant le mois avec un solde de ~1.032 BTC. L'entreprise a également signalé des progrès sur son site Black Pearl avec l'arrivée du premier transformateur de sous-station.
Cipher Mining (NASDAQ:CIFR) hat sein Betriebsupdate für Februar 2025 veröffentlicht, das trotz einer geplanten Wartungspause in seiner Anlage in Odessa eine robuste Leistung zeigt. Das Unternehmen erzielte im Monat eine Produktion von ~1.801 Bitcoin.
Im Rahmen seiner Treasury-Management-Strategie verkaufte Cipher im Februar etwa 235 BTC und schloss den Monat mit einem Saldo von ~1.032 BTC ab. Das Unternehmen berichtete auch über Fortschritte an seinem Black Pearl-Standort mit der Ankunft des ersten Transformator für die Umspannstation.
- Strong Bitcoin production of 1,801 BTC in February
- Successful completion of planned maintenance at Odessa facility
- Infrastructure expansion progress with Black Pearl transformer arrival
- Healthy treasury management with 1,032 BTC balance
- Temporary production interruption due to Odessa site maintenance
NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for February 2025.
Key Highlights
| Key Metrics | February 2025 |
| BTC Mined1 | 180 |
| BTC Sold | 235 |
| BTC Held2 | 1,032 |
| Deployed Mining Rigs | 75,000 |
| Month End Operating Hashrate (EH/s) | 13.5 |
| Month End Fleet Efficiency (J/TH) | 18.9 |
| 1 Includes February power sales estimates (based on current meter data and nodal prices) equivalent to 4 bitcoin (using month-end bitcoin price of | |
| 2 Includes ~394 BTC pledged as collateral | |
Management Commentary for February
Cipher delivered strong production in February despite a brief, planned shutdown at our Odessa site for annual high-voltage electrical maintenance. The work was completed promptly and successfully, thanks to our well-organized and disciplined Operations team. As a reminder, Cipher reported earnings on February 25th. A webcast replay is available from the investor relations section of Cipher’s website at https://investors.ciphermining.com.
Bitcoin Production and Operations Updates for February 2025
Cipher produced ~1801 BTC in February. As part of its regular treasury management process, Cipher sold ~235 BTC in February, ending the month with a balance of ~1,0322 BTC.
Recent arrival of the first substation transformer at our Black Pearl site.
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 regarding its planned business model and strategy, its bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. 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 its 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, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, 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 Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (“SEC”) on February 25, 2025, 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.
Website Disclosure
The company maintains a dedicated investor website at https://investors.ciphermining.com/ (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.
Contacts:
Investor Contact:
Courtney Knight
Head of Investor Relations at Cipher Mining
courtney.knight@ciphermining.com
Media Contact:
Ryan Dicovitsky / Kendal Till
Dukas Linden Public Relations
CipherMining@DLPR.com
1 Includes February power sales estimates (based on current meter data and nodal prices) equivalent to 4 bitcoin (using month-end bitcoin price of
2 Includes ~394 BTC pledged as collateral
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8bcd4ca3-6a06-49de-946c-d2b4de457bf0
FAQ
How many Bitcoin did Cipher Mining (CIFR) produce in February 2025?
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How many Bitcoin did Cipher Mining (CIFR) sell in February 2025?
What operational challenges did Cipher Mining (CIFR) face at its Odessa site in February 2025?
