
PANews|Jun 05, 2025 03:34
Cipher Mining releases operational update for May 2025, plans to significantly increase computing power
According to GlobeNewswire, Cipher Mining (NASDAQ: CIFR) has released operational data for May. The company produced approximately 179 bitcoins in the month, including approximately 4 bitcoins of equivalent value obtained through electricity sales and approximately 23 bitcoins from joint venture data centers.
The company sold 64 bitcoins in May and held a total of 966 bitcoins at the end of the month, of which approximately 334 were used as collateral. As of the end of May, Cipher Mining has deployed 75000 mining machines with an operational computing power of 13.5 EH/s and a mining machine efficiency of 18.9 J/TH.
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