Cipher Mining Announces March 2025 Operational Update
Cipher Mining (NASDAQ:CIFR) has released its March 2025 operational update, showcasing steady mining performance. The company mined approximately 210 Bitcoin during the month, including power sales equivalent to 3 BTC and 26 BTC from JV data centers.
Key operational metrics include:
- 75,000 deployed mining rigs
- 13.5 EH/s month-end operating hashrate
- 18.9 J/TH month-end fleet efficiency
As part of its treasury management, Cipher sold 206 BTC, maintaining a balance of 1,034 BTC at month-end, with approximately 394 BTC pledged as collateral. The company reports ahead-of-schedule progress on its Black Pearl construction project, notably receiving the second transformer earlier than planned.
Cipher Mining (NASDAQ:CIFR) ha pubblicato il suo aggiornamento operativo di marzo 2025, evidenziando una performance mineraria costante. Durante il mese, l'azienda ha estratto circa 210 Bitcoin, inclusi vendite di energia equivalenti a 3 BTC e 26 BTC dai centri dati in joint venture.
I principali indicatori operativi includono:
- 75.000 impianti minerari distribuiti
- 13,5 EH/s di hashrate operativo a fine mese
- 18,9 J/TH di efficienza della flotta a fine mese
Come parte della gestione della tesoreria, Cipher ha venduto 206 BTC, mantenendo un saldo di 1.034 BTC a fine mese, con circa 394 BTC impegnati come garanzia. L'azienda riporta progressi anticipati nel suo progetto di costruzione Black Pearl, ricevendo in particolare il secondo trasformatore prima del previsto.
Cipher Mining (NASDAQ:CIFR) ha lanzado su actualización operativa de marzo de 2025, mostrando un rendimiento minero constante. La compañía extrajo aproximadamente 210 Bitcoin durante el mes, incluyendo ventas de energía equivalentes a 3 BTC y 26 BTC de centros de datos en joint venture.
Las métricas operativas clave incluyen:
- 75,000 equipos mineros desplegados
- 13.5 EH/s de tasa de hash operativa a fin de mes
- 18.9 J/TH de eficiencia de la flota a fin de mes
Como parte de su gestión de tesorería, Cipher vendió 206 BTC, manteniendo un saldo de 1,034 BTC a fin de mes, con aproximadamente 394 BTC comprometidos como colateral. La compañía informa sobre avances anticipados en su proyecto de construcción Black Pearl, recibiendo notablemente el segundo transformador antes de lo planeado.
사이퍼 마이닝 (NASDAQ:CIFR)이 2025년 3월 운영 업데이트를 발표하며 안정적인 채굴 성과를 보여주었습니다. 이 회사는 한 달 동안 약 210 비트코인을 채굴했으며, 여기에는 3 BTC에 해당하는 전력 판매와 JV 데이터 센터에서의 26 BTC가 포함됩니다.
주요 운영 지표는 다음과 같습니다:
- 75,000대의 채굴 장비 배치
- 월말 기준 운영 해시레이트 13.5 EH/s
- 월말 기준 플릿 효율 18.9 J/TH
재무 관리의 일환으로, 사이퍼는 206 BTC를 판매하여 월말 기준 1,034 BTC의 잔액을 유지하고 있으며, 약 394 BTC는 담보로 제공되었습니다. 이 회사는 블랙펄 건설 프로젝트에서 계획보다 앞선 진행 상황을 보고하며, 특히 두 번째 변압기를 예정보다 일찍 받았습니다.
Cipher Mining (NASDAQ:CIFR) a publié sa mise à jour opérationnelle de mars 2025, mettant en avant une performance minière stable. L'entreprise a extrait environ 210 Bitcoin au cours du mois, y compris des ventes d'énergie équivalentes à 3 BTC et 26 BTC provenant de centres de données en coentreprise.
Les principaux indicateurs opérationnels incluent:
- 75 000 rigs de minage déployés
- 13,5 EH/s de hashrate opérationnel à la fin du mois
- 18,9 J/TH d'efficacité de la flotte à la fin du mois
Dans le cadre de sa gestion de trésorerie, Cipher a vendu 206 BTC, maintenant un solde de 1 034 BTC à la fin du mois, avec environ 394 BTC engagés en tant que garantie. L'entreprise rapporte des progrès en avance sur son projet de construction Black Pearl, recevant notamment le deuxième transformateur plus tôt que prévu.
Cipher Mining (NASDAQ:CIFR) hat sein operatives Update für März 2025 veröffentlicht, das eine stabile Mining-Leistung zeigt. Das Unternehmen hat im Monat etwa 210 Bitcoin geschürft, einschließlich des Verkaufs von Strom, der 3 BTC entspricht, und 26 BTC aus Joint-Venture-Rechenzentren.
Wichtige betriebliche Kennzahlen umfassen:
- 75.000 eingesetzte Mining-Rigs
- 13,5 EH/s Betrieb Hashrate zum Monatsende
- 18,9 J/TH Flotteneffizienz zum Monatsende
Im Rahmen seines Treasury-Managements hat Cipher 206 BTC verkauft und einen Saldo von 1.034 BTC zum Monatsende gehalten, wobei etwa 394 BTC als Sicherheit verpfändet sind. Das Unternehmen berichtet von Fortschritten beim Bauprojekt Black Pearl, wobei der zweite Transformator bemerkenswerterweise früher als geplant eingetroffen ist.
- Ahead of schedule progress on Black Pearl facility construction
- Maintained substantial Bitcoin holdings of 1,034 BTC
- Steady mining production with 210 BTC mined in March
- Strong operational metrics with 75,000 deployed mining rigs and 13.5 EH/s hashrate
- Net reduction in Bitcoin holdings (mined 210 BTC, sold 206 BTC)
- 394 BTC (~38% of holdings) locked as collateral
NEW YORK, April 04, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for March 2025.
Key Highlights
| Key Metrics | March 2025 |
| BTC Mined1 | 210 |
| BTC Sold | 206 |
| BTC Held2 | 1,034 |
| Deployed Mining Rigs | 75,000 |
| Month End Operating Hashrate (EH/s) | 13.5 |
| Month End Fleet Efficiency (J/TH) | 18.9 |
1 Includes March power sales estimates (based on current meter data and nodal prices) equivalent to 3 bitcoin (using month-end bitcoin price of
2 Includes ~394 BTC pledged as collateral
Management Commentary for March
In March, Cipher demonstrated the strength of its mining operation with another month of consistent production. Since the last update, the company has continued to make substantial progress on the construction of Black Pearl, highlighted by the ahead of schedule receipt of our second transformer for the site. In addition, Cipher maintains high conviction in the HPC opportunity, and in the significant value of our pipeline for HPC compute.
Bitcoin Production and Operations Updates for March 2025
Cipher produced ~2101 BTC in March. As part of its regular treasury management process, Cipher sold ~206 BTC in March, ending the month with a balance of ~1,0342 BTC.
Black Pearl construction continues to progress ahead of schedule.
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.
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1 Includes March power sales estimates (based on current meter data and nodal prices) equivalent 3 bitcoin (using month-end bitcoin price of
2 Includes ~394 BTC pledged as collateral
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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2cf6789b-60a7-46dd-85e3-468e9ca2cacd
FAQ
How many Bitcoin did Cipher Mining (CIFR) produce in March 2025?
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What progress has been made on Cipher Mining's (CIFR) Black Pearl facility?
