CIFR - Cipher Mining bitcoin production dips nearly 2% in April

2023-05-01 16:25:00 ET

• Cipher Mining ( NASDAQ: CIFR ) said Monday it mined ~406 bitcoin ( BTC-USD ) in April, 1.7% lower than its production in the prior month.
• The cryptocurrency miner sold ~406 bitcoin ( BTC-USD ) during the month as part of its regular treasury management process.
• Cipher ( CIFR ) ended April with a balance of ~427 BTC.
• The company's total deployed rig count crossed 59K after it energized its remaining new Bitmain and MicroBT miners.
• Its month-end operating hash rate reached 6.0 EH/s, of whih over 5 EH/s of self-mining operations are at its Odessa facility, while the remaining are at its other three sites.
• Cipher ( CIFR ) expanded operations at its Odessa facility during April, while funding both operating expenses and capital expenditures through ongoing operations.
• The firm ended the month with the potential to mine ~16.2 BTC per day.
• Earlier, Cipher ( CIFR ) sold more bitcoin than produced in March.

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