Cipher Mining Produces 174 Bitcoin in April With 13.5 EH/s Hashrate

Cipher Mining (NASDAQ:CIFR) launched its April 2025 operational replace, exhibiting the corporate mined 174 Bitcoin through the month, together with energy gross sales estimates equal to ~3 BTC and ~24 BTC mined at JV information facilities. The corporate bought 350 BTC via treasury administration and held 855 BTC at month-end. Cipher’s operational metrics embrace 75,000 deployed mining rigs with a month-end working hashrate of 13.5 EH/s and fleet effectivity of 18.9 J/TH. Manufacturing was impacted by a three-day deliberate shutdown at Odessa for upkeep, permitted below the facility buy settlement’s 5% annual curtailment allowance. The corporate’s Black Pearl facility stays on schedule for Q2 energization.

Cipher Mining (NASDAQ:CIFR) ha pubblicato l’aggiornamento operativo di aprile 2025, mostrando che l’azienda ha estratto 174 Bitcoin durante il mese, inclusi stime di vendite di energia equivalenti a ~3 BTC e ~24 BTC estratti presso i information middle JV. La società ha venduto 350 BTC tramite la gestione del tesoro e ha detenuto 855 BTC a superb mese. Le metriche operative di Cipher includono 75.000 mining rig distribuiti con un hashrate operativo a superb mese di 13,5 EH/s e un’efficienza della flotta di 18,9 J/TH. La produzione è stata influenzata da una sospensione programmata di tre giorni a Odessa per manutenzione, consentita dalla clausola di riduzione annuale del 5% prevista dall’accordo di acquisto di energia. La struttura Black Pearl dell’azienda rimane in linea con il programma per l’energizzazione nel secondo trimestre.

Cipher Mining (NASDAQ:CIFR) publicó su actualización operativa de abril de 2025, mostrando que la compañía minó 174 Bitcoin durante el mes, incluyendo estimaciones de ventas de energía equivalentes a ~3 BTC y ~24 BTC minados en centros de datos JV. La empresa vendió 350 BTC a través de la gestión del tesoro y mantuvo 855 BTC al closing del mes. Las métricas operativas de Cipher incluyen 75,000 rigs de minería desplegados con una tasa de hash operativa a fin de mes de 13.5 EH/s y una eficiencia de flota de 18.9 J/TH. La producción se vio afectada por un apagado planificado de tres días en Odessa para mantenimiento, permitido bajo la cláusula de reducción anual del 5% del acuerdo de compra de energía. La instalación Black Pearl de la compañía sigue en camino para su energización en el segundo trimestre.

Cipher Mining(NASDAQ:CIFR)는 2025년 4월 운영 업데이트를 발표하며, 해당 월에 174 비트코인을 채굴했다고 밝혔습니다. 여기에는 약 3 BTC에 해당하는 전력 판매 추정치와 JV 데이터 센터에서 채굴한 약 24 BTC가 포함됩니다. 회사는 재무 관리로 350 BTC를 판매했으며, 월말에 855 BTC를 보유하고 있습니다. Cipher의 운영 지표에는 75,000대의 채굴 장비가 배치되어 있으며, 월말 운영 해시레이트는 13.5 EH/s, 장비 효율은 18.9 J/TH입니다. 생산은 전력 구매 계약의 연간 5% 감축 허용 범위 내에서 허가된 오데사에서의 3일간 계획된 정전으로 영향을 받았습니다. 회사의 Black Pearl 시설은 2분기 전력 공급 일정에 맞춰 진행 중입니다.

Cipher Mining (NASDAQ:CIFR) a publié sa mise à jour opérationnelle d’avril 2025, montrant que la société a miné 174 Bitcoin durant le mois, incluant des estimations de ventes d’électricité équivalentes à ~3 BTC et ~24 BTC minés dans des centres de données JV. La société a vendu 350 BTC through la gestion de trésorerie et détenait 855 BTC en fin de mois. Les indicateurs opérationnels de Cipher incluent 75 000 rigs de minage déployés avec un hashrate opérationnel en fin de mois de 13,5 EH/s et une efficacité de flotte de 18,9 J/TH. La manufacturing a été impactée par un arrêt planifié de trois jours à Odessa pour upkeep, autorisé dans le cadre de la clause d’annulation annuelle de 5 % du contrat d’achat d’électricité. L’set up Black Pearl de la société reste conforme au calendrier pour la mise en service au deuxième trimestre.

Cipher Mining (NASDAQ:CIFR) veröffentlichte sein Betriebsupdate für April 2025 und zeigte, dass das Unternehmen im Monat 174 Bitcoin geschürft hat, einschließlich geschätzter Stromverkäufe in Höhe von etwa 3 BTC und etwa 24 BTC, die in JV-Rechenzentren geschürft wurden. Das Unternehmen verkaufte 350 BTC über das Treasury-Administration und hielt zum Monatsende 855 BTC. Die operativen Kennzahlen von Cipher umfassen 75.000 eingesetzte Mining-Rigs mit einer Betriebs-Hashrate von 13,5 EH/s zum Monatsende und einer Flotteneffizienz von 18,9 J/TH. Die Produktion wurde durch eine dreitägige geplante Abschaltung in Odessa zur Wartung beeinträchtigt, die im Rahmen der 5%-igen jährlichen Reduzierungserlaubnis des Stromkaufvertrags erlaubt ist. Die Black Pearl-Anlage des Unternehmens bleibt im Zeitplan für die Inbetriebnahme im zweiten Quartal.

Constructive

- Robust BTC holdings of 855 BTC at month-end

- Substantial mining capability with 75,000 deployed rigs and 13.5 EH/s hashrate

- Black Pearl facility on observe for Q2 energization, indicating enlargement progress

Unfavorable

- Three-day manufacturing disruption at Odessa facility as a result of upkeep shutdown

- Offered extra Bitcoin (350) than produced (174) in April

Insights

Cipher Mining maintained stable BTC manufacturing regardless of downtime, however notably bought twice as a lot BTC as they mined, decreasing their holdings.

Cipher Mining’s April operational replace reveals 174 BTC mined regardless of a three-day deliberate upkeep shutdown at their Odessa facility. This manufacturing consists of energy gross sales equal to roughly 3 BTC and 24 BTC from three way partnership information facilities.

Probably the most important facet of this replace is their treasury administration resolution – Cipher bought 350 BTC throughout April, which is double their month-to-month manufacturing. This substantial sale occurred with Bitcoin priced at $94,808, representing roughly $33.2 million in worth. After these gross sales, they maintained a stability of 855 BTC, with 379 BTC (about 44% of holdings) pledged as collateral.

From an infrastructure perspective, Cipher maintains 75,000 deployed mining rigs with a hashrate of 13.5 EH/s and fleet effectivity of 18.9 J/TH. The J/TH metric represents vitality consumption per terahash of computing energy – decrease numbers point out higher effectivity and doubtlessly decrease operational prices.

The corporate confirmed their Black Pearl facility stays on observe to energise in Q2 2025, which ought to broaden their manufacturing capability as soon as operational. The three-day shutdown at Odessa falls inside the 5% annual curtailment hours permitted below their energy buy settlement.

Whereas the operational metrics show continued execution of their mining technique, the numerous Bitcoin gross sales relative to manufacturing signify a considerable change in treasury place that deserves consideration. With out extra context on the strategic function of those gross sales, it is tough to totally assess the implications for Cipher’s long-term positioning within the Bitcoin mining sector.

05/02/2025 – 04:05 PM

NEW YORK, Might 02, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Firm”) immediately launched its unaudited manufacturing and operations replace for April 2025.

Key Highlights

Key Metrics	April 2025
BTC Mined¹	174
BTC Offered	350
BTC Held²	855
Deployed Mining Rigs	75,000
Month Finish Working Hashrate (EH/s)	13.5
Month Finish Fleet Effectivity (J/TH)	18.9

¹Consists of April energy gross sales estimates (based mostly on present meter information and nodal costs) equal to ~3 bitcoin (utilizing month-end bitcoin value of $94,808) and ~24 BTC mined at JV information facilities representing Cipher’s possession
² Consists of ~379 BTC pledged as collateral

Administration Commentary for April
Cipher delivered stable manufacturing in April regardless of a three-day deliberate shutdown at Odessa by the Firm’s energy supplier for on-site upkeep. Underneath the phrases of the facility buy settlement, Cipher’s energy supplier is entitled to five% curtailment hours every year on the web site. Wanting forward, Cipher’s earnings name is scheduled for Tuesday, Might sixth at 8:00 a.m. Jap Time, at which level the Firm will share a enterprise replace. The stay webcast and a webcast replay of the convention name could be accessed from the investor relations part of Cipher’s web site at https://investors.ciphermining.com. To entry this convention name by phone, register here to obtain dial-in numbers and a singular PIN to hitch the decision.

Bitcoin Manufacturing and Operations Updates for April 2025
Cipher produced ~174¹ BTC in April. As a part of its common treasury administration course of, Cipher bought ~350 BTC in April, ending the month with a stability of ~855² BTC.

Black Pearl stays on observe to energise within the second quarter.

About Cipher
Cipher is targeted on the event and operation of industrial-scale information facilities for bitcoin mining and HPC internet hosting. Cipher goals to be a market chief in innovation, together with in bitcoin mining progress, information middle development and as a internet hosting accomplice to the world’s largest HPC firms. To study extra about Cipher, please go to https://www.ciphermining.com/.

Ahead-Wanting Statements
This press launch incorporates sure forward-looking statements inside the that means of the federal securities legal guidelines of the US. The Firm intends such forward-looking statements to be lined by the secure harbor provisions for forward-looking statements contained within the Non-public Securities Litigation Reform Act of 1995 and consists of this assertion for functions of complying with these secure harbor provisions. Any statements made on this press launch that aren’t statements of historic truth, similar to, statements concerning the Firm’s beliefs and expectations relating to its deliberate enterprise mannequin and technique, its bitcoin mining and HPC information middle growth, timing and probability of success, capability, performance and timing of operation of information facilities, expectations relating to the operations of information facilities, potential strategic initiatives, similar to joint ventures and partnerships, and administration plans and targets, are forward-looking statements and must be evaluated as such. These forward-looking statements typically are recognized by the phrases “could,” “will,” “ought to,” “expects,” “plans,” “anticipates,” “might,” “seeks,” “intends,” “targets,” “initiatives,” “contemplates,” “believes,” “estimates,” “technique,” “future,” “forecasts,” “alternative,” “predicts,” “potential,” “would,” “will seemingly outcome,” “proceed,” and related expressions (together with the unfavourable variations of such phrases or expressions). These forward-looking statements are based mostly upon estimates and assumptions that, whereas thought-about cheap by Cipher and its administration, are inherently unsure. Such forward-looking statements are topic to dangers, uncertainties, and different components that might trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. New dangers and uncertainties could emerge on occasion, and it isn’t potential to foretell all dangers and uncertainties. Many components might trigger precise future occasions to vary materially from the forward-looking statements on this press launch, together with however not restricted to: volatility within the value of Cipher’s securities as a result of a wide range of components, together with adjustments within the aggressive and controlled trade through which Cipher operates, Cipher’s evolving enterprise mannequin and technique and efforts it might make to change facets of its enterprise mannequin or interact in varied strategic initiatives, variations in efficiency throughout rivals, adjustments in legal guidelines and rules affecting Cipher’s enterprise, and the power to implement enterprise plans, forecasts, and different expectations and to establish and notice extra alternatives. The foregoing listing of things shouldn’t be exhaustive. It’s best to rigorously take into account the foregoing components and the opposite dangers and uncertainties described within the “Threat Elements” part of Cipher’s Annual Report on Type 10-Ok for the fiscal yr ended December 31, 2024 filed with the Securities and Trade Fee (“SEC”) on February 25, 2025, and in Cipher’s subsequent filings with the SEC. These filings establish and handle different essential dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Cipher assumes no obligation and, besides as required by legislation, doesn’t intend to replace or revise these forward-looking statements, whether or not on account of new info, future occasions, or in any other case.

Web site Disclosure
The corporate maintains a devoted investor web site at https://investors.ciphermining.com/ (“Buyers’ Web site”). Monetary and different essential info relating to the Firm is routinely posted on and accessible via the Buyers Web site. Cipher makes use of its Buyers’ Web site as a distribution channel of fabric details about the Firm, together with via press releases, investor displays, experiences and notices of upcoming occasions. Cipher intends to make the most of its Buyers’ Web site as a channel of distribution to succeed in public buyers and as a method of exposing materials personal info for complying with disclosure obligations below Regulation FD. As well as, you could signal as much as routinely obtain electronic mail alerts and different details about the Firm by visiting the “E-mail Alerts” possibility below the Buyers Assets part of Cipher’s Buyers’ Web site and submitting your electronic mail handle.

FAQ

What number of Bitcoin did Cipher Mining (CIFR) produce in April 2025?

Cipher Mining produced 174 Bitcoin in April 2025, together with ~3 BTC equal from energy gross sales and ~24 BTC from JV information facilities.

What’s Cipher Mining’s (CIFR) present operational hashrate as of April 2025?

Cipher Mining’s month-end working hashrate was 13.5 EH/s with 75,000 deployed mining rigs.

What number of Bitcoin does Cipher Mining (CIFR) maintain in its treasury as of April 2025?

Cipher Mining held 855 Bitcoin in its treasury on the finish of April 2025, together with ~379 BTC pledged as collateral.

What brought on the manufacturing disruption at Cipher Mining’s Odessa facility in April 2025?

A 3-day deliberate shutdown occurred on the Odessa facility for on-site upkeep by the facility supplier, which is allowed below the 5% annual curtailment phrases.