Cipher Mining has agreed with the Chinese manufacturer Bitmain to purchase a large batch of equipment for mining the first cryptocurrency.
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Today $CIFR announced an agreement to purchase 7.1 EH/s of latest generation Bitmain T21 rigs with the option to acquire another 8.7 EH/s at a fixed price of $14/TH. The rigs can be used for opportunities in 2024 and for Black Pearl in 2025. Release here: https://t.co/HQVGRWoPLO
— Cipher Mining (@CipherInc) December 18, 2023
The deal provides for the purchase of 37,396 Antminer T21 with a hashrate of 7.1 EH/s – they will be delivered in the first half of 2025. The company also has an option to purchase an additional 45,706 8.7 EH/s units in 2024.
“By purchasing Bitmain’s 7.1 EH/s T21 mining rigs, we will be able to build the first 135 MW of our newly acquired Black Pearl site. We also have the option to purchase up to 8.7 EH/s T21 in 2024. […] If we decide to exercise the option, we will have enough mining rigs for an additional 165 MW of infrastructure,” said Cipher CEO Tyler Page.
Data: Cipher Mining.
According to the press release, the machines will cost the company $14 per TH/s. According to Hashrate Indexmarket quotes for devices with energy consumption levels of less than 25 J/TH are at the time of writing $13.54 per TH/s.
As a result of the news, the company’s shares rose by 17.31%. The price at the time of writing is $3.05.
Data: MarketWatch.
In August 2022, Cipher Mining launched a network of Bitcoin miners in a new 40 MW data center in Texas powered by a wind farm.
In the spring of 2023, the company announced the purchase of 11,000 A1346 devices from Canaan.
Let us recall that in December, the Australian Iris Energy agreed with Bitmain to purchase 8380 Antminer T21 for $22.3 million.
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2023-12-18 16:50:01
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