Welcome to our dedicated page for Cipher Mining news (Ticker: $CIFR), a resource for investors and traders seeking the latest updates and insights on Cipher Mining stock.
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News
Rhea-AI Summary
Cipher Mining Inc. (NASDAQ: CIFR) will release its Q4 and full year 2023 financial results on March 5, 2024. The company will host a conference call and webcast at 8:00 a.m. Eastern Time. Access to the webcast and conference call details can be found on Cipher's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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Rhea-AI Summary
Cipher Mining Inc. (NASDAQ: CIFR) will present at the 26th Annual Needham Growth Conference on January 18th, 2024. CEO Tyler Page and CFO Edward Farrell will give the presentation, which will be webcast live. The company is a leading developer and operator of bitcoin mining data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.12%
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Rhea-AI Summary
Canaan Inc. (NASDAQ: CAN) secures follow-on purchase orders from Cipher Mining Inc. (NASDAQ: CIFR) and Stronghold Digital Mining, Inc. (NASDAQ: SDIG) for over 17,000 Bitcoin mining machines, building upon existing relationships. The orders involve the purchase of 16,700 A1466 model Avalon Miners by Cipher's JV entities and 1,100 A1346 model Avalon Miners by Stronghold, with positive feedback from both companies' CEOs.
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Rhea-AI Sentiment
End-of-Day
6.86%
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Rhea-AI Summary
Cipher Mining Inc. (NASDAQ: CIFR) announced that Bear LLC and Chief Mountain LLC, in which Cipher holds 49% interests, have purchased 16,700 units of the latest generation Avalon A1466 miners from Canaan. The purchase represents an expansion of ~30MW, or ~1.25 EH/s, at each facility, with payment terms allowing for up to 30% of the total consideration to be delivered in the 90 days after delivery. Cipher's total self-mining capacity is expected to be ~8.4 EH/s after the new miners are installed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.62%
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Rhea-AI Summary
Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for December 2023, showcasing an increase in BTC production despite a growth in network hash rate. The company sold 228 BTC in December and ended the month with a balance of 796 BTC. Cipher finished the year with ample total liquidity of approximately $120 million in bitcoin and dollars, with no debt overhang.
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End-of-Day
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Cipher Mining Inc. (CIFR) has announced the purchase of 7.1 EH/s of the latest generation Bitmain T21 miners for $99.5 million, with an option to acquire an additional 8.7 EH/s. This agreement aims to expand the company's mining capacity and efficiency, providing opportunities for near-term expansion and infrastructure buildout in 2024 and 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.77%
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Cipher Mining Inc. (NASDAQ: CIFR) has closed the acquisition of a new Texas-based, ERCOT-approved site with interconnection up to 300 MW, expected to come online in 2025. The purchase was made through a previously announced Purchase and Sale Agreement with Trinity Mining Group, Inc., with the purchase price paid by delivering 2,397,424 shares of the company’s common stock. The CEO, Tyler Page, expressed excitement about the acquisition, stating that Black Pearl, the new site, is expected to become the largest of their sites, with plans to start deploying mining rigs in a little over a year.
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Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for November 2023. In November, the company mined 433 BTC, with a month-end operating hash rate of 7.2 EH/s. The Odessa facility achieved an all-time high site hash rate of 6.24 EH/s, and the company ended the month with approximately 558 BTC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
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Rhea-AI Summary
Cipher Mining Inc. (NASDAQ: CIFR) achieved a record self-mining hash rate capacity of up to 7.2 Exahash per Second (EH/s) and signed an agreement to acquire a new Texas-based, ERCOT-approved site with interconnection up to 300 MW, expected to come online in 2025. The company also purchased ~1.2 EH/s of the latest generation S21 Bitmain Rigs, bringing total hash rate in operation and under contract to ~8.4 EH/s. GAAP diluted net loss of $0.07 per share and non-GAAP diluted net income of $0.02 per share were reported for the third quarter 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.27%
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Rhea-AI Summary
Cipher Mining Inc. released its unaudited production and operations update for October 2023. Key highlights include 428 BTC mined, 116 BTC equivalent power sales, 466 BTC sold, and 70,000 deployed mining rigs. The month ended with an operating hash rate of 7.2 EH/s.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.02%
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Cipher Mining Inc.
Nasdaq:CIFR
CIFR Rankings
CIFR Stock Data
1.19B
168.69M
42.33%
13.13%
4.74%
Data Processing, Hosting, and Related Services
Information
United States of America
NEW YORK
About CIFR
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States.