Cipher Mining Announces February 2024 Operational Update; Produced ~334 BTC In February Amidst Average Monthly Network Hash Rate Increasing ~9.4%
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining Inc. (NASDAQ:CIFR) announced its February 2024 operational update, reporting the production of approximately 334 BTC despite a 9.4% increase in the average monthly network hash rate. The company sold about 33 BTC and ended the month with a balance of approximately 1,433 BTC. Cipher also announced it will host its Q4 and Full Year 2023 results call on March 5th.
March 01, 2024 | 9:10 pm
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Cipher Mining Inc. announced its February 2024 operational update, showcasing a production of approximately 334 BTC and a sale of 33 BTC, with an ending balance of 1,433 BTC.
The operational update from Cipher Mining Inc. indicates a positive production performance despite an increase in network hash rate, which could be seen as a sign of operational efficiency and resilience. The announcement of the upcoming earnings call could also generate investor interest and potentially positive sentiment towards CIFR's stock in the short term.
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