Cipher

Cipher Mining Announces February 2024 Operational Update

Retrieved on: 
Friday, March 1, 2024
Cipher, Telephone, PIN, Treasury, BTC

Cipher produced ~334 BTC in February amidst average monthly network hash rate increasing ~9.4%.

Key Points: 
  • Cipher produced ~334 BTC in February amidst average monthly network hash rate increasing ~9.4%.
  • As part of its regular treasury management process, Cipher sold ~33 BTC in February, ending the month with a balance of ~1,433 BTC.
  • The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.ciphermining.com .
  • To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

Cipher Neutron Appoints Dr. Bruno Pollet to its Advisory Board

Retrieved on: 
Wednesday, January 31, 2024
Engineering, Other Energy, Environment, Manufacturing, Green Technology, Energy, Neutron, Hydrogen, Multimedia, IOP, Green hydrogen, Corporation, Engineer, TCP, Natural gas, Book, Advisory board, Transition, Committee, Coventry University, Royal Society of Chemistry, Council, Springer, Cipher, Greenhouse gas, Electrolysis, IEA, ResearchGate, International Association, Sustainable development, Publication, Experiential learning, Water, United, Natural Resources, UNECE, Doctor of Philosophy, Energy transition, Greenhouse gas emissions, Research, House, International Energy Agency, AEM, Innergex Renewable Energy, Commons

Canadian company Cipher Neutron Inc. (“Cipher Neutron” or “CN”) is very pleased to announce that it has appointed the renowned Dr. Bruno Pollet to its Advisory Board.

Key Points: 
  • Canadian company Cipher Neutron Inc. (“Cipher Neutron” or “CN”) is very pleased to announce that it has appointed the renowned Dr. Bruno Pollet to its Advisory Board.
  • Dr. Bruno Pollet is a member of the Council of Engineers for the Energy Transition (CEET): An Independent Advisory Council to the United Nations’ Secretary-General, and a CEET Hydrogen Task Force leader.
  • Dr. Bruno G. Pollet, PhD in Physical Chemistry in the field of Electrochemistry and Advisory Board member of Cipher Neutron stated, “In Canada and abroad, Cipher Neutron’s AEM Electrolyser Technology is a hydrogen industry accomplishment to be very proud of.
  • I look forward to applying my years of experience as an advisor to the great team at Cipher Neutron.”
    Gurjant Randhawa, M.Eng., P.Eng., President and CEO of Cipher Neutron, stated, “Cipher Neutron is very pleased to welcome Dr. Pollet to its growing Advisory Board.

Canaan Secures Follow-On Purchase Orders from Cipher and Stronghold

Retrieved on: 
Wednesday, January 3, 2024
Bitcoin, SDIG, Partnership, Acquisition, Cipher, Miner, Cryptocurrency

The orders, which combined involve the purchase of over 17,000 Bitcoin mining machines, build upon Canaan's existing relationships with Cipher and Stronghold.

Key Points: 
  • The orders, which combined involve the purchase of over 17,000 Bitcoin mining machines, build upon Canaan's existing relationships with Cipher and Stronghold.
  • On December 26, 2023, Stronghold, a vertically integrated Bitcoin mining company, entered into an agreement whereby Stronghold has purchased from Canaan 1,100 A1346 model mining machines with an average hash rate of 123T/s.
  • Additionally, Stronghold has an option to purchase an additional 2,500 A1466 model mining machines with an average hash rate of 140T/s-150T/s.
  • Tyler Page, CEO of Cipher Mining Inc., commented, "We are excited to once again partner with Canaan for our 60 MW expansion at our Bear and Chief facilities.

Bitfury Group Announces Sale of 10 Million Shares of Cipher Mining Inc. Common Stock and Lock-Up Agreement for Remaining Holdings

Retrieved on: 
Thursday, November 9, 2023
Sale, Growth, Form, Cryptocurrency, Cipher, Bitcoin

Cipher, a U.S.-based Bitcoin mining company, operated as a subsidiary of Bitfury prior to August 27, 2021.

Key Points: 
  • Cipher, a U.S.-based Bitcoin mining company, operated as a subsidiary of Bitfury prior to August 27, 2021.
  • The common shares were offered pursuant to Cipher’s Form S-3 shelf registration statement and represent 4.95% of Bitfury’s current ownership of Cipher’s common shares.
  • Upon completion of the transaction, Bitfury will hold 191,931,387 shares, or approximately 75.37% of the common stock of Cipher.
  • Bitfury has entered into a 60-day lock-up agreement with respect to its remaining holdings of Cipher common stock, pursuant to which the Company may not sell or transfer any of the common stock before January 15, 2024.

Cipher Mining Provides Third Quarter 2023 Business Update

Retrieved on: 
Wednesday, November 8, 2023
Online, Black Pearl, ERCOT, Online and offline, Mining, PIN, Telephone, Form, GAAP, Miner, Growth, Form S-3, Interconnection, Cryptocurrency, Cipher

“We are pleased to announce that we finalized the build-out of our Odessa facility and have achieved a self-mining capacity of up to 7.2 EH/s across our portfolio,” said Tyler Page, CEO of Cipher.

Key Points: 
  • “We are pleased to announce that we finalized the build-out of our Odessa facility and have achieved a self-mining capacity of up to 7.2 EH/s across our portfolio,” said Tyler Page, CEO of Cipher.
  • Upon closing, Cipher will pay to the seller $7 million in consideration, to be paid by delivery of a number of Cipher common shares to be issued under the Company’s shelf registration statement previously filed on Form S-3.
  • Cipher anticipates closing the transaction before the end of the year.
  • To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

Cipher Mining Announces September 2023 Operational Update

Retrieved on: 
Monday, October 2, 2023
BTC, Cryptocurrency, Cipher

In September, Cipher finalized the buildout of the operations at its Odessa facility and finished the month with the potential to mine up to 16.4 bitcoin2 per day.

Key Points: 
  • In September, Cipher finalized the buildout of the operations at its Odessa facility and finished the month with the potential to mine up to 16.4 bitcoin2 per day.
  • “We are delighted to announce that we have completed the final phase of the build-out of the Odessa facility and achieved our Q3 goal of 7.2 EH/s of bitcoin mining capacity across our portfolio,” said Tyler Page, CEO of Cipher.
  • Cipher produced ~416 BTC in September, representing a ~16% increase in production relative to the previous month.
  • As part of its regular treasury management process, Cipher sold ~382 BTC in September, ending the month with a balance of ~553 BTC.

Cipher Mining Provides Second Quarter 2023 Business Update

Retrieved on: 
Tuesday, August 8, 2023
Treasury, Software as a service, University, Deutsche Bank, Telephone, GAAP, Banc of America Securities (1998–2008), PIN, Growth, Weather, Bank, Economics, Software, Management, Cipher

NEW YORK, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company"), a leading developer and operator of bitcoin mining data centers, today announced results for its second quarter 2023, with an update on its operations and deployment strategy.

Key Points: 
  • NEW YORK, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company"), a leading developer and operator of bitcoin mining data centers, today announced results for its second quarter 2023, with an update on its operations and deployment strategy.
  • "We are on track to complete Odessa in Q3 and bring our total self-mining capacity to 7.2 EH/s.
  • As we complete the first phase of our build-out, we are exploring a growing list of expansion opportunities.
  • To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

Canaan Inc. Reports Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Friday, May 26, 2023
Marketing, Cipher, Bank statement, ADS, Electricity, Research, History, ATM, PIN, Investment, Mining, Depreciation, A13, AI, Quarter, Total, Cryptocurrency, Video game, Bank, Bitcoin, Renminbi

SINGAPORE, May 26, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2023.

Key Points: 
  • - Total Computing Power Sold Rebounded to 4.2 Million Thash/s, up 126.8% QoQ -
    SINGAPORE, May 26, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2023.
  • The Company has applied the change of reporting currency retrospectively to its historical results of operations and financial statements.
  • Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "The first quarter of 2023 was a challenging start.
  • From March 7, 2023, the date the Company reported its financial results for the fourth quarter of 2022, to May 25, 2023, the Company utilized the ATM for a small amount of fundraising to test the financing facility.

Cipher Mining Purchases 11,000 New Mining Machines From Canaan Inc.

Retrieved on: 
Tuesday, May 9, 2023
Bitcoin, Buildout, ASIC, Negotiation, Software, Cryptocurrency, Cipher

NEW YORK and SINGAPORE, May 09, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher”), a leading developer and operator of bitcoin mining data centers, and Canaan Inc. (NASDAQ: CAN) (“Canaan”), a leading high-performance computing solutions provider, today jointly announced an agreement whereby Cipher has purchased from Canaan 11,000 new A1346 model mining machines to be delivered in the third quarter of 2023 for use at Cipher’s Odessa, Texas facility. Following the delivery, Cipher will have a deployed fleet of more than 70,000 mining machines and 7.2 EH/s of self-mining capacity across its portfolio.

Key Points: 
  • Following the delivery, Cipher will have a deployed fleet of more than 70,000 mining machines and 7.2 EH/s of self-mining capacity across its portfolio.
  • Tyler Page, CEO of Cipher, commented, “We are excited to formally begin our collaboration with Canaan, a pioneer in the ASIC high-performance computing chip industry.
  • Over the past several months, our technology and operations teams have been working with Canaan to test its new generation mining machines onsite at Odessa.
  • Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, stated, “We are thrilled and honored to support Cipher in advancing their world-class mining operations.

Cipher Mining Provides First Quarter 2023 Business Update

Retrieved on: 
Tuesday, May 9, 2023
Telephone, Miner, Growth, Conference, Mining, Cryptocurrency, Q3, Cipher

NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company"), a leading developer and operator of bitcoin mining data centers, today announced results for its first quarter 2023, with an update on its operations and deployment strategy.

Key Points: 
  • NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company"), a leading developer and operator of bitcoin mining data centers, today announced results for its first quarter 2023, with an update on its operations and deployment strategy.
  • "I am delighted to announce that we have completed the first phase of growth at our Odessa facility and have achieved a self-mining capacity of over 6.0 EH/s across our portfolio,” said Tyler Page, CEO of Cipher.
  • "We have also purchased an additional 11,000 miners from Canaan, which we expect to be delivered and energized in the third quarter.
  • This will complete the buildout at our Odessa facility and bring our total self-mining capacity to over 7.2 EH/s across our portfolio."