JUST IN: Cipher Mining’s Bold Expansion in Crypto Mining, by Acquiring 37,396 Mining ASICs

Cipher Mining, a leading Bitcoin mining company, announces a significant expansion with the purchase of 37,396 Antminer T21 units from Bitmain. This acquisition, aimed at enhancing its mining operations, is set to deliver an impressive 7.1 exahashes per second (EH/s) by early 2025. CEO Tyler Page highlights the move as a strategic step towards developing their new 135 megawatts (MW) Black Pearl site, with an additional option for 45,706 miners. This deal, secured at an attractive price of $14 per terahash, positions Cipher favorably for an anticipated Bitcoin bull market.

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