Cipher Mining Announces January 2023 Operational Update

[ad_1] <br><div id="grantexto"> <p align="left"><location value="LU/us.ny.nyc" idsrc="https://news.google.com/__i/rss/rd/articles/xmltag.org">NEW YORK</location>, <chron>Feb. 01, 2023</chron> (GLOBE NEWSWIRE) -- <a target="_blank" rel="nofollow noopener" onclick="gaEvent('Out', 'acquiremedia', '42871971');" href="https://www.globenewswire.com/Tracker?data=2N-CphrEdXQ2fhu9qDdksiBt_tirQEAkvXuParpEenGYIvxzQZeGASAxV4bfij1hB8y3yCallfNq4V7EMh8bVA=="><strong><org value="NASDAQ-NMS:CIFR" idsrc="https://news.google.com/__i/rss/rd/articles/xmltag.org">Cipher Mining</org></strong></a><strong> (NASDAQ:CIFR) </strong>(“Cipher” or the “Firm”), a number one developer and operator of bitcoin mining knowledge facilities, as we speak introduced its unaudited manufacturing and operations replace for <chron>January 2023</chron>.<br/></p> <p><strong>Key Highlights</strong></p> <table style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; "><strong>Key Metrics</strong></td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><strong><chron>January 2023</chron>*</strong></td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; "><strong>BTC Mined</strong></td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><strong>343</strong></td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; "><strong>BTC Bought</strong></td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><strong>314</strong></td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; "><strong>BTC Held</strong></td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><strong>424</strong></td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; "><strong>Deployed Mining Rigs</strong></td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><strong>41,000</strong></td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle; text-align: left; padding-left: 10.0px; vertical-align: top ; "><strong>Month Finish Working <person>Hash Fee</person> (EH/s)</strong></td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; "><strong>4.3</strong></td></tr></table> <p>*Approximate values</p> <p><strong>Administration Commentary </strong></p> <p>Throughout the month of January, Cipher continued to develop operations at <location value="LU/us.ny.odessa" idsrc="https://news.google.com/__i/rss/rd/articles/xmltag.org">Odessa</location>, fund our capital expenditures out of operations and construct our bitcoin stock. Cipher began the month with the potential to mine as much as ~9.3 bitcoin in a day and completed with the potential to mine ~14.0 bitcoin¹ – a ~51% enhance in a single month.</p> <p>“Our skilled deployment and operations groups labored tirelessly to proceed our speedy hash fee construct all through January,” stated <person>Tyler Web page</person>, CEO of Cipher. “We now have over 3.3 EH/s of self-mining operations at our <location value="LU/us.ny.odessa" idsrc="https://news.google.com/__i/rss/rd/articles/xmltag.org">Odessa</location> facility and roughly 4.3 EH/s of self-mining operations throughout our websites. Cipher stays on monitor to construct out ~6 EH/s of self-mining capability within the first quarter of 2023.”</p> <div class="zoomableImg" style="display: inline-block;"><img alt="Odessa Data Center Area B &amp; C" height="450" name="GNW_RichHtml_External_IMG" src="https://ml.globenewswire.com/Resource/Download/e34d2261-7c4a-4b0f-8703-d5bb65032864" width="600"/></div><p align="left" style="padding-left:0pt;"><em>Odessa Knowledge Heart Space B &amp; C</em></p> <p><strong>Bitcoin Manufacturing and Operations Updates for <chron>January 2023</chron></strong></p> <p align="left" style="padding-left:0pt;">Throughout the month of January, Cipher energized 13,300 new Bitmain and MicroBT miners, representing a rise in hash fee of ~1.4 EH/s and a ~48% enhance relative to the earlier month. With the rise in hash fee, Cipher produced ~343 BTC in January, representing a ~52% enhance in manufacturing relative to the earlier month. As a part of its common treasury administration course of, Cipher offered ~314 BTC in January, ending the month with a stability of ~424 BTC.</p> <p align="left" style="padding-left:0pt;"><strong>About Cipher</strong></p> <p align="left" style="padding-left:0pt;">Cipher is an rising expertise firm targeted on the event and operation of bitcoin mining knowledge facilities in <location value="LC/us" idsrc="https://news.google.com/__i/rss/rd/articles/xmltag.org">the USA</location>. Cipher is devoted to increasing and strengthening the Bitcoin community's essential infrastructure. Along with its diversely proficient group and strategic partnerships, Cipher goals to be a market chief in bitcoin mining development and innovation. To be taught extra about Cipher, please go to <a target="_blank" href="https://www.ciphermining.com/" rel="nofollow noopener">https://www.ciphermining.com/</a>.</p> <p align="left" style="padding-left:0pt;"><strong>Ahead Wanting Statements</strong></p> <p align="left" style="padding-left:0pt;">This press launch incorporates sure forward-looking statements inside the that means of the federal securities legal guidelines of <location value="LC/us" idsrc="https://news.google.com/__i/rss/rd/articles/xmltag.org">the USA</location>. The Firm intends such forward-looking statements to be coated by the secure harbor provisions for forward-looking statements contained within the Non-public Securities Litigation Reform Act of 1995 and contains this assertion for functions of complying with these secure harbor provisions. Any statements made on this press launch that aren't statements of historic reality, together with statements about our beliefs and expectations relating to our efficiency, technique, enlargement plans, future operations, future working outcomes, projected prices, prospects, plans, and aims of our administration, are forward-looking statements and needs to be evaluated as such. Ahead-looking statements embody data regarding doable or assumed future outcomes of operations, together with descriptions of our marketing strategy and techniques. These forward-looking statements usually are recognized by the phrases “consider,” “venture,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “forecast,” “alternative,” “plan,” “could,” “ought to,” “will,” “would,” “might be,” “will proceed,” “will seemingly consequence,” and related expressions (together with the unfavourable variations of such phrases or expressions).</p> <p align="left" style="padding-left:0pt;">These forward-looking statements are based mostly upon estimates and assumptions that, whereas thought of cheap by Cipher and our administration, are inherently unsure. Such forward-looking statements are topic to dangers, uncertainties, and different elements that would trigger precise outcomes to vary materially from these expressed or implied by such ahead wanting statements. New dangers and uncertainties could emerge now and again, and it's not doable to foretell all dangers and uncertainties. Many elements might trigger precise future occasions to vary materially from the forward-looking statements on this press launch, together with however not restricted to: volatility within the worth of Cipher’s securities on account of a wide range of elements, together with adjustments within the aggressive and controlled business by which Cipher operates, variations in efficiency throughout rivals, adjustments in legal guidelines and rules affecting Cipher’s enterprise, and the flexibility to implement enterprise plans, forecasts, and different expectations and to establish and understand extra alternatives. The foregoing checklist of things isn't exhaustive. You must fastidiously take into account the foregoing elements and the opposite dangers and uncertainties described within the “Threat Elements” part of our Annual Report on Type 10-Okay filed with the <org>Securities and Trade Fee</org> (“SEC”) on <chron>March 4, 2022</chron>, the “Threat Elements” sections of our Quarterly Report on Type 10-Q filed with the <org>SEC</org> on <chron>Could 10, 2022</chron> and on <chron>November 14, 2022</chron>, and in Cipher’s subsequent filings with the <org>SEC</org>. These filings establish and tackle different essential dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they're made. Readers are cautioned to not put undue reliance on forward-looking statements, and Cipher assumes no obligation and, besides as required by regulation, doesn't intend to replace or revise these forward-looking statements, whether or not on account of new data, future occasions, or in any other case.</p> <p align="left" style="padding-left:0pt;"><strong>Contacts:</strong><br/><strong>Investor Contact:</strong><person>Josh Kane</person><br/>Head of Investor Relations at <org value="NASDAQ-NMS:CIFR" idsrc="https://news.google.com/__i/rss/rd/articles/xmltag.org">Cipher Mining</org><br/>josh.kane@ciphermining.com</p> <p align="left" style="padding-left:0pt;"><strong>Media Contact:</strong><person>Ryan Dicovitsky</person> / <person>Kendal Until</person><br/>Dukas Linden Public Relations<br/>CipherMining@DLPR.com<a target="_blank" rel="nofollow noopener" onclick="gaEvent('Out', 'acquiremedia', '42871971');" href="https://www.globenewswire.com/Tracker?data=6gJAnEoRNolozo-jcSFpIWiz3wxhjywEl4USofA0EMwyJ-OFd17nB5txNYZKFv34HjekL10dC-Kb_d6pShJDHcOWdDDUkCozK1qrrXlkrKQ-D7zon0IukIeHeoi4dv1zNqQ7XytuzZfH_leNRT_HK1hYu_j5ioJedMy8iVqY_w6YRMv_8_Wb0KPTT9zB3-mG0eAq6UIXsTbtsg9w8zQeYeM9q_Aw3Jm3QJyuBW7R0Us="></p> <p align="left" style="padding-left:0pt;">^¹ Assumes network hash rate of 274 EH/s and 900 bitcoins mined per day</p> <div class="zoomableImg" style="display: inline-block;"><img class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=ODc0MTE2OCM1Mzg3MjE3IzIyMTAwOTA="/></div> <br/><div class="zoomableImg" style="display: inline-block;"><img src="https://ml.globenewswire.com/media/M2M5ZjUwMGItNjk4Ny00NjNmLTlmMTEtYjRjMmIzNjAxNDRmLTEyMjE2NDM=/tiny/Cipher-Mining-Inc-.png" referrerpolicy="no-referrer-when-downgrade"/></div><p><a target="_blank" rel="nofollow noopener" onclick="gaEvent('Out', 'acquiremedia', '42871971');" href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8842205d-b0f4-4ef8-8184-bca2f700c9f3"><div class="zoomableImg" style="display: inline-block;"><img src="https://ml.globenewswire.com/media/8842205d-b0f4-4ef8-8184-bca2f700c9f3/small/cipher-mining-linkedin-logo-1-png.png" border="0" width="150" height="150" alt="Primary Logo"/></div></a></p><div style="padding:0px;width: 100%;"><div style="float: right;padding-left:20px"><p><h5><org>Odessa Knowledge Heart</org> </h5></p><div> <a target="_blank" rel="nofollow noopener" onclick="gaEvent('Out', 'acquiremedia', '42871971');" href="https://www.globenewswire.com/NewsRoom/AttachmentNg/e34d2261-7c4a-4b0f-8703-d5bb65032864/en"><div class="zoomableImg" style="display: inline-block;"><img src="https://ml.globenewswire.com/media/e34d2261-7c4a-4b0f-8703-d5bb65032864/medium/odessa-data-center.jpg"/></div> </a></div><p> <h5>Space B &amp; C</h5></p></div></div> Supply: <org value="NASDAQ-NMS:CIFR" idsrc="https://news.google.com/__i/rss/rd/articles/xmltag.org">Cipher Mining Inc.</org><p>2023 GlobeNewswire, Inc., supply <servicename>Press Releases</servicename></p> </div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMijQFodHRwczovL3d3dy5tYXJrZXRzY3JlZW5lci5jb20vcXVvdGUvc3RvY2svQ0lQSEVSLU1JTklORy1JTkMtMTE2MTY5MDUwL25ld3MvQ2lwaGVyLU1pbmluZy1Bbm5vdW5jZXMtSmFudWFyeS0yMDIzLU9wZXJhdGlvbmFsLVVwZGF0ZS00Mjg3MTk3MS_SAZEBaHR0cHM6Ly93d3cubWFya2V0c2NyZWVuZXIuY29tL2FtcC9xdW90ZS9zdG9jay9DSVBIRVItTUlOSU5HLUlOQy0xMTYxNjkwNTAvbmV3cy9DaXBoZXItTWluaW5nLUFubm91bmNlcy1KYW51YXJ5LTIwMjMtT3BlcmF0aW9uYWwtVXBkYXRlLTQyODcxOTcxLw?oc=5">Source link </a>