Cipher Mining (CIFR) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Cipher Mining Provides Second Quarter 2024 Business Update Current hashrate of ~8.7 EH/s on target for ~13.5 EH/s by end of 2024 and ~35.0 EH/s by end of 2025 Acquiring additional 1.7 GW of power capacity suitable for HPC infrastructure or bitcoin mining Second Quarter 2024 GAAP Net Loss of $15m, and Non-GAAP Adjusted Loss of $3m NEW YORK—August 13, 2024—Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company") today announced results for its second quarter ended June 30, 2024, with an upda ...