Cipher Mining Announces September 2023 Operational Update; ~416 BTC In September, Representing A ~16% Increase In Production Relative To The Previous Month
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining Inc. (NASDAQ:CIFR) has released its unaudited production and operations update for September 2023. The company mined approximately 416 BTC in September, a 16% increase from the previous month. Cipher also completed the final phase of the build-out of the Odessa facility, achieving its Q3 goal of 7.2 EH/s of bitcoin mining capacity. The company sold around 382 BTC in September, ending the month with a balance of approximately 553 BTC.
October 02, 2023 | 8:15 pm
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POSITIVE IMPACT
Cipher Mining's successful completion of the Odessa facility and increased BTC production could positively impact its stock price.
Cipher Mining's increased BTC production and the completion of the Odessa facility indicate operational efficiency and growth, which are positive indicators for investors. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100