Cipher mining purchases 7.1 eh/s of new miners and option to purchase an additional 8.7 eh/s of latest generation miners from bitmain

Purchases 7.1 eh/s of latest generation bitmain t21 miners for $99.5 million, representing a unit price of $14/th secures option to purchase up to an additional 8.7 eh/s at the same fixed price terms full purchase order and option would bring total hashrate in operation and under contract to 24.2 eh/s and overall potential fleet efficiency to 22.6 j/th purchase order and option provides a path to the initial buildout at black pearl and other near-term expansion opportunities in 2024 new york, dec. 18, 2023 (globe newswire) -- cipher mining inc. (nasdaq: cifr) (“cipher”), a leading developer and operator of bitcoin mining data centers, announced today that it has entered into an agreement with bitmain to purchase 37,396 units of the latest generation antminer t21 miners, representing 7.1 eh/s of self-mining capacity to be delivered in the first half of 2025. cipher has also purchased the option to acquire an additional 45,706 miners representing 8.7 eh/s in 2024.
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