Key Highlights
Key Metrics | |
BTC Mined | 465 |
Power Sales Equivalent BTC1 | 16 |
BTC Sold | 228 |
BTC Held | 796 |
Deployed Mining Rigs | 70,000 |
Month End Operating | 7.2 |
*Approximate values
Management Commentary for December
“Cipher delivered another month of increased production in December, despite continued growth in network hash rate,” said
“We also entered into transactions to acquire new cutting-edge mining rigs for our increasingly ambitious growth plans. We finished the year with ample total liquidity of approximately
Cipher Mining’s Odessa Facility
Bitcoin Production and Operations Updates for
Cipher produced ~465 BTC in December, representing a ~7.4% increase in production versus the previous month amidst average monthly network hash rate increasing ~6.3% in December relative to the previous month. As part of its regular treasury management process, Cipher sold ~228 BTC in December, ending the month with a balance of ~796 BTC.
About Cipher
Cipher is an emerging technology company focused on the development and operation of bitcoin mining data centers. Cipher is dedicated to expanding and strengthening the Bitcoin network's critical infrastructure. Together with its diversely talented team and strategic partnerships, Cipher aims to be a market leader in bitcoin mining growth and innovation. 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
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and our 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, 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 our Annual Report on Form 10-K filed with the
Contacts:
Investor Contact:
Head of Investor Relations at
josh.kane@ciphermining.com
Media Contact:
Dukas Linden Public Relations
CipherMining@DLPR.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/00de5f8b-f80c-4edf-b2ab-0146d56fc9c5
1 Represents unaudited power sales estimates for the month of December (based on current meter data and nodal prices) divided by the bitcoin price as of
2 Represents bitcoin price as of
Cipher Mining’s Odessa Facility
Cipher Mining’s Odessa Facility
2024 GlobeNewswire, Inc., source