Cipher Mining (US:CIFR) Globenewswireยท2025-08-05 20:10Core Insights - Cipher Mining Inc. reported its unaudited production and operations update for July 2025, highlighting significant metrics in bitcoin mining and operational efficiency [1] Production Metrics - The company mined approximately 214 BTC in July 2025, with 52 BTC sold during the month, resulting in a total holding of around 1,219 BTC at month-end [2][4] - Cipher deployed 115,000 mining rigs, achieving a month-end operating hashrate of 20.4 EH/s and a fleet efficiency of 19.2 J/TH [2] Financial Performance - The estimated power sales for July were equivalent to approximately 6 BTC, based on the month-end bitcoin price of $115,637, along with an additional 21 BTC mined at joint venture data centers representing Cipher's ownership [2][6] Operational Developments - The Black Pearl Phase I project began contributing significantly to production, accounting for about 24% of the total bitcoin mined in July, with expectations for increased contributions in the coming months as the project scales [3][5] - A business update is scheduled for the earnings call on August 7, 2025, where further insights into the company's operations will be shared [3]