Cipher Mining Begins Bitcoin Production at 300 MW Black Pearl Data Center
The post Cipher Mining Begins Bitcoin Production at 300 MW Black Pearl Data Center appeared on BitcoinEthereumNews.com. Cipher Mining (CIFR) has started bitcoin production at its 300-megawatt (MW) Black Pearl center in Texas, the company revealed on Monday. The launch marks a key turning point for the company, which now runs 5 active bitcoin mining information centers. Stage I of the website, presently performing at 150 MW, has reached a preliminary hashrate of 2.5 exahashes per second (EH/s). That number is anticipated to rise to 9.6 EH/s by the end of the 3rd quarter, as new mining rigs arrive and change older units. Once completely operational, Cipher’s overall fleet will press toward a self-mining capacity of 23.1 EH/s. The business provided the website in 16 months and credits its functional discipline for preserving low production expenses amid industry volatility. “We’re happy to be mining bitcoin ahead of schedule,” CEO Tyler Page stated in a statement. Cipher’s more comprehensive facilities method consists of a 2.6 gigawatt (GW) pipeline that may serve both high-performance computing (HPC) customers and bitcoin mining. As competition tightens up in post-halving markets, scaling inexpensively and rapidly has actually become crucial for public miners like Cipher attempting to maintain their edge. CIFR declined 6.9% on Monday during regular trading. Shares are higher by 1.9% after hours. Source: Coindesk
