Cipher Mining Inc. (NASDAQ:CIFR) exceeded its mining capacity targets with Black Pearl reaching 3.4 EH/s, surpassing Q2 guidance. The company expects continued growth through Q3 2025, with new mining rigs replacing legacy units. It currently has a total self-mining hashrate of 16.8 EH/s and aims to scale to 23.1 EH/s.

Cipher Mining Inc. (NASDAQ:CIFR) operates four bitcoin mining data centers in Texas, focusing on industrial-scale Bitcoin mining to strengthen the network’s infrastructure in the US. The company produced approximately 1601 bitcoin in June and maintains a balance of around 1,063 bitcoin after selling 58 as part of treasury management.

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Read more at Yahoo Finance: Cipher Mining’s (CIFR) Black Pearl Phase I Surpasses Guidance, Reaches a Self-Mining Capacity of Around 3.4 EH/s