CIFR's Bitcoin Mining Portfolio Grows: A Sign for More Upside?

Key Takeaways Cipher Mining grew capacity to 477 megawatts in Q3 2025, surpassing its hash rate projections. Black Pearl's first 150 megawatts mined 10.1 exahash per second, driving 36% of quarterly output. Odessa delivered 56% of production as the total self-mining hash rate reached about 23.6 exahash. Cipher Mining (CIFR) is benefiting from growth of its Bitcoin mining portfolio. In the third quarter of 2025, CIFR increased its mining capacity from 423 megawatts to 477 megawatts across its five mining sit ...