Reported Earlier, Cipher Mining Announces August 2024 Operational Update, 160 BTC Mined During The Month
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining Inc. released its August 2024 operational update, reporting 160 BTC mined, 136 BTC sold, and 2,284 BTC held. The company deployed 76,000 mining rigs with an operating hash rate of 9.1 EH/s.
September 04, 2024 | 7:38 am
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Cipher Mining Inc. reported mining 160 BTC in August 2024, selling 136 BTC, and holding 2,284 BTC. The company has 76,000 mining rigs and a hash rate of 9.1 EH/s.
The operational update shows strong mining activity with a significant amount of BTC mined and held, indicating potential revenue growth. The high number of deployed rigs and hash rate suggest operational efficiency, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100