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Stock impact report

Cipher Mining Announces September 2024 Operational Update

Cipher Mining Inc. (CIFR) 
Company Research Source: GlobeNewswire
NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for September 2024. Key Highlights Key MetricsSeptember 2024BTC Mined1155BTC Sold923BTC Held1,512Deployed Mining Rigs78,000Month End Operating Hashrate (EH/s)9.31 Includes September power sales estimates (based on current meter data and nodal prices) equivalent to 4 bitcoin (using month-end bitcoin price of $63,678)  Management Commentary for September Cipher successfully navigated the final month of 4CP in Texas and mined ~1551 bitcoin in September. During the month, the Company’s operational and construction teams finalized preparations for the upgrade of the mining fleet at Odessa, expected in the coming weeks, and continued to build the new Black Pearl data center. “With the anticipated completion of the Odessa upgrade by year-end, we will have one of the most efficient fleets of mining rigs in the industry,” s Show less Read more
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