Market Cap: $3,811,914,659,354
24h Vol: $95,467,003,561
Cryptocurrencies: 27289
Markets: 108940
Cryptocurrencies: 27289
Markets: 108940
Market Cap: $3,811,914,659,354     
24h Vol: $95,467,003,561
Seeking Alpha 2022-12-20 21:29:19

Cipher buys new bitcoin mining rigs for Odessa data center

Cipher buys new bitcoin mining rigs for Odessa data center
Cipher Mining ( NASDAQ: CIFR ) said Tuesday it acquired additional new mining rigs to be installed at its Odessa data center, which will bring its total self-mining hashrate to ~6 EH/s. Of this, ~3 EH/s of self-mining is expected to be operating by 2022-end and the rest by early 2023. The bitcoin miner recently bought 7.2K new rigs at attractive prices, bringing its total self-mining fleet to ~59K rigs, with no further payments remaining. Cipher ( CIFR ) deployed 165 MW of capacity over the last 12 months and expects to ramp up to 267 MW early next year. "We are making rapid progress towards our goal of completing the ramp up of the Odessa data center in early 2023," said Cipher ( CIFR ) CEO Tyler Page. Last month, the miner started bitcoin production operations at its Odessa data center in Texas .
esptco-banner img
Latest News

Videos

  • Stock Market Vs Crypto Fundamentals! Which is the best? Explained!

  • What is Zcash (ZEC)? Zcash Explained!

  • What is a Shiba Inu Coin & How Does it Work? Simply Explained!

  • Hardware vs Software Wallets: Which One is Better for You?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire