Cipher Mining Announces July 2025 Operational Update
Cipher Mining (NASDAQ:CIFR) released its July 2025 operational update, highlighting significant mining achievements. The company mined 214 Bitcoin during the month, with Black Pearl Phase I contributing 24% of total production. The company's month-end statistics show 115,000 deployed mining rigs with a hashrate of 20.4 EH/s and fleet efficiency of 19.2 J/TH.
As part of treasury management, Cipher sold 52 BTC and maintained a balance of 1,219 BTC. The company's Black Pearl Phase I, representing 150 MW of a 300 MW site, is now energized and operational.
Cipher Mining (NASDAQ:CIFR) ha pubblicato l'aggiornamento operativo di luglio 2025, evidenziando importanti risultati nel mining. L'azienda ha estratto 214 Bitcoin nel corso del mese, con la Black Pearl Phase I che ha contribuito al 24% della produzione totale. Le statistiche di fine mese mostrano 115.000 mining rig attivi con un hashrate di 20,4 EH/s e un'efficienza della flotta di 19,2 J/TH.
Come parte della gestione del tesoro, Cipher ha venduto 52 BTC mantenendo un saldo di 1.219 BTC. La Black Pearl Phase I dell'azienda, che rappresenta 150 MW di un sito da 300 MW, è ora alimentata e operativa.
Cipher Mining (NASDAQ:CIFR) publicó su actualización operativa de julio de 2025, destacando logros significativos en minería. La compañía minó 214 Bitcoin durante el mes, con la Black Pearl Phase I contribuyendo con el 24% de la producción total. Las estadísticas de fin de mes muestran 115,000 rigs de minería desplegados con una tasa de hash de 20.4 EH/s y una eficiencia de flota de 19.2 J/TH.
Como parte de la gestión del tesoro, Cipher vendió 52 BTC y mantuvo un saldo de 1,219 BTC. La Black Pearl Phase I de la compañía, que representa 150 MW de un sitio de 300 MW, está ahora energizada y operativa.
Cipher Mining (NASDAQ:CIFR)는 2025년 7월 운영 업데이트를 발표하며 중요한 채굴 성과를 강조했습니다. 회사는 해당 월에 214 비트코인을 채굴했으며, Black Pearl Phase I이 전체 생산량의 24%를 차지했습니다. 월말 통계에 따르면 115,000대의 채굴 장비가 가동 중이며 해시레이트는 20.4 EH/s, 장비 효율성은 19.2 J/TH입니다.
재무 관리의 일환으로 Cipher는 52 BTC를 매도했으며, 잔액은 1,219 BTC를 유지하고 있습니다. 회사의 Black Pearl Phase I은 300 MW 부지 중 150 MW를 차지하며 현재 전력이 공급되어 운영 중입니다.
Cipher Mining (NASDAQ:CIFR) a publié sa mise à jour opérationnelle de juillet 2025, mettant en avant des réalisations majeures dans le minage. La société a miné 214 Bitcoin durant le mois, avec la Black Pearl Phase I contribuant à 24 % de la production totale. Les statistiques de fin de mois indiquent 115 000 rigs de minage déployés avec un hashrate de 20,4 EH/s et une efficacité de flotte de 19,2 J/TH.
Dans le cadre de la gestion de trésorerie, Cipher a vendu 52 BTC et maintenu un solde de 1 219 BTC. La Black Pearl Phase I de l'entreprise, représentant 150 MW d'un site de 300 MW, est désormais alimentée en énergie et opérationnelle.
Cipher Mining (NASDAQ:CIFR) veröffentlichte sein Betriebsupdate für Juli 2025 und hob bedeutende Mining-Erfolge hervor. Das Unternehmen förderte im Monat 214 Bitcoin, wobei die Black Pearl Phase I 24 % der Gesamtproduktion beitrug. Die Monatsendstatistik zeigt 115.000 eingesetzte Mining-Rigs mit einer Hashrate von 20,4 EH/s und einer Flotteneffizienz von 19,2 J/TH.
Im Rahmen des Treasury-Managements verkaufte Cipher 52 BTC und hielt einen Bestand von 1.219 BTC. Die Black Pearl Phase I des Unternehmens, die 150 MW eines 300 MW Standorts repräsentiert, ist nun mit Strom versorgt und in Betrieb.
- Black Pearl Phase I now operational, contributing 24% of total Bitcoin production
- Substantial mining capacity with 115,000 deployed rigs
- Strong Bitcoin holdings of 1,219 BTC
- Significant hashrate of 20.4 EH/s
- Sold 52 BTC from treasury, reducing holdings
Insights
Cipher Mining shows solid July production with Black Pearl site boosting capacity to 20.4 EH/s while building significant Bitcoin reserves.
Cipher Mining's July operational update reveals significant progress in the company's expansion strategy, with 214 Bitcoin mined during the month, bringing their total holdings to 1,219 BTC (valued at approximately
The most notable development is Black Pearl Phase I becoming operational, now accounting for
The company's fleet efficiency of 19.2 J/TH is particularly noteworthy, indicating deployment of current-generation mining hardware that optimizes power consumption relative to computing output. This efficiency metric is vital for maintaining profitability through Bitcoin price fluctuations and difficulty increases. The company's diversified approach - including power sales equivalent to approximately 6 BTC - demonstrates operational flexibility to maximize revenue beyond direct mining.
As Black Pearl continues ramping up, Cipher is positioned to significantly increase its production capacity in coming months, potentially strengthening their market position ahead of Bitcoin's next halving event.
NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for July 2025.
Key Highlights
| Key Metrics | July 2025 |
| BTC Mined1 | 214 |
| BTC Sold | 52 |
| BTC Held | 1,219 |
| Deployed Mining Rigs | 115,000 |
| Month End Operating Hashrate (EH/s) | 20.4 |
| Month End Fleet Efficiency (J/TH) | 19.2 |
| 1 Includes July power sales estimates (based on current meter data and nodal prices) equivalent to ~6 bitcoin (using month-end bitcoin price of | |
Management Commentary for July
Black Pearl Phase I began contributing meaningfully to production this month, accounting for approximately
Bitcoin Production and Operations Updates for July 2025
Cipher produced ~2141 BTC in July. As part of its regular treasury management process, Cipher sold ~52 BTC in July, ending the month with a balance of ~1,219 BTC.
Black Pearl Phase I, the first 150 MW of the 300 MW site, is energized and hashing.
About Cipher
Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world's largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.
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1 Includes July power sales estimates (based on current meter data and nodal prices) equivalent to ~6 bitcoin (using month-end bitcoin price of
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as, statements about the Company’s beliefs and expectations regarding its planned business model and strategy, its bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, such as projected hashrate, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (“SEC”) on February 25, 2025, and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Website Disclosure
The company maintains a dedicated investor website at https://investors.ciphermining.com/ (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.
Contacts:
Investor Contact:
Courtney Knight
Head of Investor Relations at Cipher Mining
courtney.knight@ciphermining.com
Media Contact:
Ryan Dicovitsky
Dukas Linden Public Relations
CipherMining@DLPR.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e532b22-994f-4379-9058-116c7d26d064
FAQ
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What is the status of Cipher Mining's Black Pearl facility?
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