-+ 0.00%
-+ 0.00%
-+ 0.00%

Cipher Mining Says Phase I Of Black Pearl Is Now Delivering ~3.4 EH/S Of Self-Mining Capacity, Exceeding Prior Guidance Of 2.5 EH/S For Q2 2025

Benzinga·07/02/2025 11:10:29
Listen to the news

Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced that Phase I of Black Pearl is now delivering ~3.4 EH/s of self-mining capacity, exceeding the Company's prior guidance of 2.5 EH/s for the second quarter of 2025. Hashrate will continue to increase at the site through the third quarter of 2025 as new mining rigs continue to be delivered in scheduled batches, gradually replacing legacy units. Cipher's total self-mining hashrate has now reached ~16.8 EH/s, and the Company maintains its expectations to scale to ~23.1 EH/s upon completion of the installation.