Cipher Mining Inc. - CIFR STOCK NEWS

Cipher Mining (NASDAQ:CIFR) has released its March 2025 operational update, showcasing steady mining performance. The company mined approximately 210 Bitcoin during the month, including power sales equivalent to 3 BTC and 26 BTC from JV data centers.

Key operational metrics include:

• 75,000 deployed mining rigs
• 13.5 EH/s month-end operating hashrate
• 18.9 J/TH month-end fleet efficiency

As part of its treasury management, Cipher sold 206 BTC, maintaining a balance of 1,034 BTC at month-end, with approximately 394 BTC pledged as collateral. The company reports ahead-of-schedule progress on its Black Pearl construction project, notably receiving the second transformer earlier than planned.

Cipher Mining (NASDAQ:CIFR) has released its operational update for February 2025, demonstrating robust performance despite a planned maintenance shutdown at its Odessa facility. The company achieved a production of ~1,801 Bitcoin during the month.

As part of its treasury management strategy, Cipher sold approximately 235 BTC in February, concluding the month with a balance of ~1,032 BTC. The company also reported progress at its Black Pearl site with the arrival of the first substation transformer.

Cipher Mining (NASDAQ:CIFR), a leading developer of industrial-scale data centers, has announced its upcoming participation in several industry conferences. CEO Tyler Page will engage in fireside chats focusing on the company's existing site capacity, growth strategy, and opportunities in bitcoin mining and HPC.

Webcast links for the events will be shared on Cipher's X and LinkedIn platforms prior to each conference. Replay recordings will be accessible through the Events section of Cipher's investor relations website. Interested parties can contact the company's investor relations team for additional information.

Cipher Mining (NASDAQ: CIFR) released its fourth quarter and full year 2024 financial results, reporting Q4 net earnings of $18 million ($0.05 per diluted share) and adjusted earnings of $51 million ($0.14 per diluted share).

The company successfully upgraded its Odessa fleet, increasing total self-mining hashrate to approximately 13.5 EH/s. Cipher also completed the acquisition of the Stingray data center site in West Texas, featuring 100 MW of front-of-the-meter capacity, and acquired 337 additional acres adjacent to its Barber Lake site.

Furthermore, Cipher entered into 60-day exclusivity with Priority Power to negotiate building an additional 500 MW HPC data center adjacent to the Barber Lake site. The company has grown its pipeline to 2.8 GW of site capacity with optionality for both HPC or bitcoin mining data centers.

Construction of Phase I of Black Pearl, featuring 150 MW of capacity and expected to generate over ~9.5 EH/s, remains on track to energize in the second quarter of this year.

Cipher Mining (NASDAQ: CIFR) has scheduled its fourth quarter and full year 2024 financial results announcement and business update for Tuesday, February 25, 2025, before U.S. markets open. The company will host a conference call and webcast at 8:00 a.m. Eastern Time on the same day.

Investors and interested parties can access the live webcast and replay through the investor relations section of Cipher's website at https://investors.ciphermining.com. To participate in the conference call, attendees must register in advance to receive dial-in numbers and a unique PIN.

Cipher Mining (NASDAQ:CIFR) has released its operational update for January 2025. The company mined approximately 219 BTC during the month, including power sales estimates equivalent to 1 bitcoin and 29 BTC mined at JV data centers. As part of treasury management, Cipher sold 471 BTC and held a balance of 21,091 BTC at month's end.

The company's operational metrics show 75,000 deployed mining rigs, with a month-end operating hashrate of 13.5 EH/s and fleet efficiency of 18.9 J/TH. Progress continues at the Black Pearl site, with Phase 1 buildings nearing completion, covering over 100,000 square feet. The facility's miner wings 1-3 are approximately 1,000 feet long each and will accommodate about 13,440 mining rigs.

Management is actively engaging with potential tenants and financing partners as part of their strategy to establish Cipher as a leader in HPC data center development.

Cipher Mining (NASDAQ:CIFR) has secured a significant $50 million PIPE investment from SoftBank Group Corp. The investment involves SoftBank purchasing approximately 10.4 million shares of Cipher common stock. The funding will support Cipher's HPC data center development business, establishing SoftBank as a major primary investor in the company.

The investment comes at what the company describes as a pivotal moment in Cipher's growth trajectory, particularly as it continues to develop its pipeline of sites and innovative solutions in industrial-scale data centers. Keefe, Bruyette, & Woods Inc. served as financial advisor, while Latham & Watkins LLP provided legal counsel for the transaction.

Cipher Mining (NASDAQ:CIFR) has released its December 2024 operational update, highlighting significant achievements in mining operations. The company mined approximately 234 BTC during the month, sold 271 BTC, and maintained a balance of 21,344 BTC. With 75,000 deployed mining rigs, Cipher achieved a month-end operating hashrate of 13.5 EH/s and a fleet efficiency of 18.9 J/TH.

The company successfully completed the upgrade of its mining fleet at Odessa and made substantial progress on the Black Pearl data center development. Despite experiencing ~20% of annual allotted curtailment hours from their power provider in December, Cipher implemented enhanced technology solutions that enabled continued operations during approximately 80 hours of potential curtailment.

Cipher Mining released its November 2024 operational update, reporting production of ~202 BTC and sales of 234 BTC, ending with a balance of ~1,383 BTC. The company maintained 76,000 deployed mining rigs with a hash rate of 12.0 EH/s and fleet efficiency of 20.8 J/TH. The company is upgrading its Odessa facility and developing the Black Pearl data center, expected to be energized by Q2 2025. Cipher also acquired the 100 MW Stingray site, scheduled for 2026 energization, expanding its portfolio to over 2.6 GW of potential power capacity across 11 sites.