Cipher Mining Announces January 2025 Operational Update

Core Insights - Cipher Mining Inc. reported its unaudited production and operations update for January 2025, highlighting its ongoing efforts in bitcoin mining and data center development [1] Production and Operations Summary - The company mined approximately 219 BTC in January 2025 and sold around 471 BTC, ending the month with a total of approximately 1,091 BTC held [2][4] - Cipher deployed 75,000 mining rigs, achieving a month-end operating hashrate of 13.5 EH/s and a fleet efficiency of 18.9 J/TH [2] - The estimated power sales for January were equivalent to 1 BTC, based on a month-end bitcoin price of $102,297, along with 29 BTC mined at joint venture data centers [2][11] Management Commentary - Cipher is making progress at its Black Pearl site, nearing completion of Phase 1 buildings that cover over 100,000 square feet, and is in discussions with potential tenants and financing partners [3] Company Overview - Cipher focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting, aiming to be a market leader in innovation and growth within the sector [5]