Cipher Mining Announces June 2024 Operational Update; Mined 176 Bitcoin; Sold 103 Bitcoin; 2,209 Bitcoin Held
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for June 2024. The company mined 176 Bitcoin, sold 103 Bitcoin, and holds 2,209 Bitcoin. They have deployed 75,000 mining rigs and have an operating hash rate of 8.61 EH/s.
July 02, 2024 | 8:13 pm
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Cipher Mining Inc. reported mining 176 Bitcoin, selling 103 Bitcoin, and holding 2,209 Bitcoin in June 2024. The company has deployed 75,000 mining rigs and an operating hash rate of 8.61 EH/s.
The operational update shows strong production metrics and significant Bitcoin holdings, which are positive indicators for Cipher Mining's financial health and operational efficiency. This is likely to have a positive short-term impact on CIFR's stock price.
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