Cipher Mining Announces Significant Upgrades To Mining Fleet For 2024 And 2025; Accelerates Delivery Of Bitmain Rigs To 4Q24
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining has announced significant upgrades to its mining fleet for 2024 and 2025, including accelerated delivery of Bitmain rigs and additional purchases of Canaan miners. The company aims to achieve a self-mining hash rate of ~13.5 EH/s by the end of 2024 and ~35 EH/s by the end of 2025.
June 05, 2024 | 1:56 pm
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Cipher Mining is upgrading its mining fleet with new Bitmain and Canaan rigs, aiming for significant increases in self-mining hash rates by the end of 2024 and 2025.
The upgrades and accelerated deliveries are likely to enhance Cipher Mining's operational efficiency and capacity, potentially leading to increased revenues and improved market position.
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