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The cipher mining (CIFR) began with bitcoin
Production in its 300 megawatt (MW) Black Pearl Facility in Texas notified Monday. Starting means a key milestone for a company that now operates five active data centers for Bitcoin mining.
Phase and on the spot, currently running at 150 MW, reached the initial Hasat 2.5 Exhales per second (Eh/s). This number is expected to increase to 9.6 Eh/s by the end of the third quarter, as the new mining trains arrive and replace older units. Once the total fleet of Cipher is fully functional, it pushes the capacity of itself 23.1 Eh/s.
The company supplied the website in 16 months and attributed its operating discipline to maintain low production costs in industry’s volatility.
“We are proud to be hard to Bitcoin before the plan,” said Tyler Page CEO in his statement.
The wider Cipher infrastructure strategy includes 2.6 Gigawatt (GW) pipes, which can serve both high -performance computer (HPC) clients and bitcoin mining.
Given that the competition for half of the markets is tightening, scaling of scaling cheaply and quickly became critical to public miners, such as Cipher, which seeks to maintain its edge.
During regular CIFR trading on Monday dropped by 6.9%. The shares are higher by 1.9%after hours.
