Cipher Mining Announces May 2024 Operational Update; Mined 166 BTC In May
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for May 2024, reporting 166 BTC mined, 50 BTC sold, and 2,142 BTC held. The company deployed 71,000 mining rigs and achieved a month-end operating hash rate of 8.0 EH/s.
June 04, 2024 | 1:04 pm
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Cipher Mining Inc. reported mining 166 BTC in May 2024, selling 50 BTC, and holding 2,142 BTC. The company deployed 71,000 mining rigs and achieved a hash rate of 8.0 EH/s.
The operational update indicates strong production metrics and significant BTC holdings, which are positive indicators for Cipher Mining's performance. The deployment of a large number of mining rigs and a high hash rate further support a positive outlook.
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