Cipher Scales BTC Mining Operation with 37,000 Bitmain Antminers Worth $100M
NASDAQ-listed Bitcoin mining firm Cipher Mining Inc. has announced the purchase of 37,396 units of the latest Bitmain Antminer T21 series.
Making the announcement in a press release, the company disclosed that this acquisition amounted to approximately $99.5 million.
Regarding the value of these cutting-edge miners, Cipher Mining explained that each miner offers a substantial 7.1 EH/s of self-mining capacity. The fleet of miners is expected to be delivered in the first half of 2025.
$CIFR NEW YORK, Dec. 18, 2023 (GLOBE NEWSWIRE)
Cipher Mining announced today that it has entered into an agreement with Bitmain to purchase 37,396 units of the latest generation Antminer T21 miners, representing 7.1 EH/s of self-mining capacity to be delivered in the first half… pic.twitter.com/Y67hbsRUdu
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