Cipher Mining | Purchase Of 16,700 Miners

As the Bitcoin landscape evolves, Cipher Mining Inc. (CIFR) continues to make strategic moves, securing significant expansions in its Bitcoin mining capacities. The company recently announced major acquisitions and expansions in line with the upcoming Bitcoin halving event, slated for mid to late April.

Cipher Mining, a leading developer and operator of Bitcoin mining data centers, revealed plans to bolster its operations significantly. Through agreements with Canaan, a prominent provider of Bitcoin mining machines, Cipher’s joint venture entities, Bear LLC and Chief Mountain LLC, have procured 16,700 units of the latest-generation Avalon A1466 miners. These miners are expected…

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