Cipher Mining Announces January 2025 Operational Update
Cipher Mining (NASDAQ:CIFR) has released its operational update for January 2025. The company mined approximately 219 BTC during the month, including power sales estimates equivalent to 1 bitcoin and 29 BTC mined at JV data centers. As part of treasury management, Cipher sold 471 BTC and held a balance of 21,091 BTC at month's end.
The company's operational metrics show 75,000 deployed mining rigs, with a month-end operating hashrate of 13.5 EH/s and fleet efficiency of 18.9 J/TH. Progress continues at the Black Pearl site, with Phase 1 buildings nearing completion, covering over 100,000 square feet. The facility's miner wings 1-3 are approximately 1,000 feet long each and will accommodate about 13,440 mining rigs.
Management is actively engaging with potential tenants and financing partners as part of their strategy to establish Cipher as a leader in HPC data center development.
Cipher Mining (NASDAQ:CIFR) ha pubblicato il suo aggiornamento operativo per gennaio 2025. L'azienda ha estratto circa 219 BTC nel mese, inclusi i ricavi delle vendite di energia equivalenti a 1 bitcoin e 29 BTC estratti presso i data center in joint venture. Come parte della gestione della tesoreria, Cipher ha venduto 471 BTC e ha mantenuto un saldo di 21.091 BTC alla fine del mese.
I metrici operativi dell'azienda mostrano 75.000 attrezzature di mining distribuite, con un hashrate operativo a fine mese di 13,5 EH/s e un'efficienza della flotta di 18,9 J/TH. I lavori continuano presso il sito Black Pearl, con gli edifici della Fase 1 prossimi al completamento, coprendo oltre 100.000 piedi quadrati. Le ali minerarie 1-3 dell'impianto sono lunghe circa 1.000 piedi ciascuna e potranno ospitare circa 13.440 attrezzature di mining.
Il management sta attivamente interagendo con potenziali inquilini e partner finanziari come parte della loro strategia per stabilire Cipher come leader nello sviluppo di data center HPC.
Cipher Mining (NASDAQ:CIFR) ha lanzado su actualización operativa para enero de 2025. La compañía minó aproximadamente 219 BTC durante el mes, incluyendo estimaciones de ventas de energía equivalentes a 1 bitcoin y 29 BTC minados en centros de datos en JV. Como parte de la gestión del tesoro, Cipher vendió 471 BTC y mantuvo un saldo de 21.091 BTC al final del mes.
Los métricas operativas de la compañía muestran 75,000 rigs de minería desplegados, con una tasa de hashrate operativo a fin de mes de 13.5 EH/s y una eficiencia de flota de 18.9 J/TH. El progreso continúa en el sito Black Pearl, con los edificios de la Fase 1 cerca de completarse, abarcando más de 100,000 pies cuadrados. Las alas mineras 1-3 de la instalación son aproximadamente de 1,000 pies cada una y podrán albergar alrededor de 13,440 rigs de minería.
La dirección está interactuando activamente con posibles inquilinos y socios de financiamiento como parte de su estrategia para establecer a Cipher como líder en el desarrollo de centros de datos HPC.
사이퍼 마이닝 (NASDAQ:CIFR)가 2025년 1월에 대한 운영 업데이트를 발표했습니다. 이 회사는 이번 달 동안 약 219 BTC를 채굴했으며, 이는 1 비트코인에 해당하는 전력 판매 예상치와 JV 데이터 센터에서 채굴된 29 BTC를 포함합니다. 자금 관리의 일환으로 사이퍼는 471 BTC를 판매했고, 월말 기준으로 21,091 BTC의 잔액을 보유하고 있습니다.
회사의 운영 지표는 75,000개의 채굴 장비가 배치되어 있으며, 월말 기준 운영 해시 레이트는 13.5 EH/s, 플릿 효율성은 18.9 J/TH입니다. 블랙 펄 사이트에서의 진행 상황이 계속되고 있으며, 1단계 건물의 완공이 가까워지고 있어 100,000 평방피트를 초과하는 면적을 차지하고 있습니다. 시설의 채굴 날개 1-3은 각 약 1,000피트 길이이며 약 13,440개의 채굴 장비를 수용할 수 있습니다.
관리진은 사이퍼를 HPC 데이터 센터 개발의 선두주자로 자리매김하기 위한 전략의 일환으로 잠재적 임차인 및 금융 파트너와 적극적으로 교류하고 있습니다.
Cipher Mining (NASDAQ:CIFR) a publié sa mise à jour opérationnelle pour janvier 2025. L'entreprise a extrait environ 219 BTC au cours du mois, y compris des estimations de ventes d'énergie équivalentes à 1 bitcoin et 29 BTC extraits dans des centres de données en coentreprise. Dans le cadre de la gestion de la trésorerie, Cipher a vendu 471 BTC et détenait un solde de 21 091 BTC à la fin du mois.
Les indicateurs opérationnels de l'entreprise montrent 75 000 rigs de minage déployés, avec un hashrate opérationnel de 13,5 EH/s à la fin du mois et une efficacité de flotte de 18,9 J/TH. Les travaux progressent sur le sito Black Pearl, les bâtiments de la phase 1 étant proches de l'achèvement, couvrant plus de 100 000 pieds carrés. Les ailes de mineurs 1 à 3 de l'installation mesurent chacune environ 1 000 pieds de long et pourront accueillir environ 13 440 rigs de minage.
La direction engage activement des discussions avec des locataires potentiels et des partenaires financiers dans le cadre de sa stratégie visant à établir Cipher comme un leader dans le développement de centres de données HPC.
Cipher Mining (NASDAQ:CIFR) hat sein Betriebsupdate für Januar 2025 veröffentlicht. Das Unternehmen hat im Laufe des Monats etwa 219 BTC abgebaut, einschließlich der geschätzten Energieverkäufe, die 1 Bitcoin entsprechen, sowie 29 BTC, die in JV-Rechenzentren abgebaut wurden. Im Rahmen des Treasury-Managements verkaufte Cipher 471 BTC und hielt zum Ende des Monats einen Bestand von 21.091 BTC.
Die operativen Kennzahlen des Unternehmens zeigen 75.000 eingesetzte Mining-Rigs, mit einer operativen Hashrate von 13,5 EH/s und einer Flotteneffizienz von 18,9 J/TH am Monatsende. Der Fortschritt am Black Pearl Standort schreitet voran, da die Gebäude der Phase 1 kurz vor der Fertigstellung sind und über 100.000 Quadratfuß abdecken. Die Miner-Wings 1-3 der Einrichtung sind jeweils etwa 1.000 Fuß lang und bieten Platz für etwa 13.440 Mining-Rigs.
Das Management arbeitet aktiv mit potenziellen Mietern und Finanzierungspartnern zusammen, um Cipher als führendes Unternehmen im Bereich der HPC-Rechenzentrumsentwicklung zu positionieren.
- Mining capacity of 75,000 deployed rigs with 13.5 EH/s hashrate
- Substantial BTC holdings of 21,091 BTC
- Black Pearl site expansion nearing completion with 100,000+ square feet
- Net decrease in BTC holdings (mined 219 vs. sold 471 BTC)
Insights
The January operational metrics reveal Cipher Mining's robust positioning in the Bitcoin mining sector. The production of 1,219 BTC demonstrates strong operational execution, particularly notable given that this figure includes both direct mining operations and strategic power sales equivalent to 1 BTC, showcasing effective power management strategies.
The company's fleet efficiency of 18.9 J/TH is particularly impressive, placing it among the more efficient operators in the industry. This efficiency level is important for maintaining competitive margins, especially considering the upcoming Bitcoin halving event. The deployed fleet of 75,000 mining rigs generating 13.5 EH/s represents significant scale, accounting for approximately 2.5% of the global Bitcoin network hashrate.
The Black Pearl site development marks a strategic pivot toward infrastructure expansion. With three 1,000-foot miner wings each capable of hosting 13,440 mining rigs, this facility positions Cipher for substantial growth. More importantly, the company's exploration of HPC data center opportunities signals a forward-thinking approach to revenue diversification, potentially reducing dependency on pure mining operations.
The treasury management strategy appears well-balanced, with the sale of 471 BTC likely providing operational capital while maintaining a strong holding of 21,091 BTC. This substantial reserve represents significant value and provides strategic flexibility for future expansion or market opportunities.
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for January 2025.
Key Highlights
| Key Metrics | January 2025 |
| BTC Mined1 | 219 |
| BTC Sold | 471 |
| BTC Held2 | 1,091 |
| Deployed Mining Rigs | 75,000 |
| Month End Operating Hashrate (EH/s) | 13.5 |
| Month End Fleet Efficiency (J/TH) | 18.9 |
1 Includes January power sales estimates (based on current meter data and nodal prices) equivalent to 1 bitcoin (using month-end bitcoin price of
2 Includes ~325 BTC pledged as collateral
Management Commentary for January
Cipher continued to make progress at its Black Pearl site, nearing completion of the Phase 1 buildings, which cover more than 100,000 square feet. In addition, the Company continued discussions with potential tenants and financing partners, aligning with management’s vision to establish Cipher as a leader in HPC data center development.
Bitcoin Production and Operations Updates for January 2025
Cipher produced ~2191 BTC in January. As part of its regular treasury management process, Cipher sold ~471 BTC in January, ending the month with a balance of ~1,0912 BTC.
Construction at Black Pearl site. Each of miner wings 1-3 is ~1,000 feet long and will hold approximately 13,440 mining rigs.
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 its beliefs and expectations regarding its planned business model and strategy, its bitcoin mining and HPC data center development 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 the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission (“SEC”), as any such factors may be updated from time to time in the Company’s other filings with the SEC, including without limitation, the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024. 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.
The Company maintains a dedicated investor website at https://investors.ciphermining.com/investors (“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 TillDukas
Linden Public Relations
CipherMining@DLPR.com
1 Includes January power sales estimates (based on current meter data and nodal prices) equivalent to 1 bitcoin (using month-end bitcoin price of
2 Includes ~325 BTC pledged as collateral
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a183532-b55f-42d1-ae4d-82b3ba284880
FAQ
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