12/22/2023 0 Comments Cipher miningSo there may still be inaccuracies in translating, please always see Indonesian as our main language. The English, Chinese, Japanese, Arabic, French, and Spanish versions are automatically generated by the system. has signed a Major Services and Supply Agreement with blockchain development giant Bitfury to purchase Bitcoin (BTC) mining rigs. Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The scale of the company's planned spending on Bitcoin mining rigs is in line with the rapid expansion policy pursued by crypto mining companies in North America.Ĭrypto mining companies in the United States have acquired more rigs from big manufacturers like Bitmain and MicroBT.Īccording to data from the Cambridge Bitcoin Electricity Consumption Index, the United States now accounts for more than a third of the global BTC hash rate distribution.Ĭipher Mining Technologies Inc. Fidelity Management and Research Company and Counterpoint Global are the most recent investors. Cipher Mining is registered under the ticker NASDAQ:CIFR. This was a Post-IPO Equity round raised on Aug 30, 2021. ![]() (NASDAQ: CIFR) ('Cipher' or the 'Company'), a U.S.-based Bitcoin mining company, today announced results for its first quarter ending. Cipher Mining has raised a total of 425M in funding over 1 round. In March, the company entered into a $2 billion merger with Nasdaq-listed Good Works Acquisition Corp - a special purpose acquisition company (SPAC).Ĭipher Mining is also supported by investors such as Fidelity Management and Research and Counterpoint Group which is affiliated with Morgan Stanley. NEW YORK, (GLOBE NEWSWIRE) - Cipher Mining Inc. Total inventory orders will be shipped in seven batches each month from summer 2022 to December 2022.Īs part of the SEC filing, Cipher Mining will pay a follow-up fee of US$10 million within three business days of executing the agreement to initiate the massive order.Īs previously reported by Cointelegraph, Cipher Mining is designed to reach 745 megawatts of Bitcoin mining capacity before the end of 2025. Alborz, a joint venture between bitcoin miner Cipher (CIFR) and renewable energy firm WindHQ, received a two-year 46.9 million secured credit facility from crypto lender BlockFi Lending to buy. ![]() With a maximum cost of $6,250 per machine, Bitcoin Cipher mining hardware expenditures could amount to between $175 million and $350 million, depending on whether the company chooses to accept all 56,000 rigs as stated in the purchase agreement. Shares of newly public cryptocurrency-mining company Cipher Mining (CIFR 2.07) started the week off with a drop but is ending the week with a pop. JAKARTA - According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC) on Monday, October 11, Cipher Mining will purchase 28,000 to 56,000 next-generation Bitcoin mining hardware from Bitfury for US$6,250 (IDR 88 million) per rig. Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States.
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