Cipher mining announces significant upgrades to its mining fleet and increases target hash rate and fleet efficiency for 2024 and 2025

New 2024 year-end self-mining hash rate target of ~13.5 eh/s with fleet efficiency of ~18.6 j/th new 2025 year-end self-mining hash rate target of ~35 eh/s with fleet efficiency of ~15 j/th upgraded rigs to s21 pro and accelerated delivery to 4q 2024 on existing bitmain contract executed additional purchase of ~1.25 eh/s of latest generation canaan a1566 miners with option to purchase an additional 160 mw of future generation miners in 2025 new york, june 05, 2024 (globe newswire) -- cipher mining inc. (nasdaq: cifr) (“cipher” or the “company”) today announced significant upgrades to its mining fleet for both 2024 and 2025. the company has amended its existing december 2023 bitmain contract to accelerate delivery and now expects rigs to arrive in 4q24 instead of 2q25.
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