Cipher Mining Reports August Bitcoin Production and Future Projections

Cipher Mining, a Nasdaq-listed mining company, has shared its operational data for August. The Black Pearl Phase I project contributed approximately 39% of total Bitcoin production during the month. The company anticipates achieving 10 exahashes per second (EH/s) computing power by the end of the third quarter, boosting its self-mining capacity to around 23.5 EH/s. Detailed figures for August show a mining output of about 241 Bitcoin (BTC), with sales of 42 BTC and holdings at 1,414 BTC. Cipher Mining deployed approximately 115,000 mining machines, achieving an operational computing power of roughly 23.0 EH/s by the end of the month. Equipment efficiency was recorded as about 17.3 joules per terahash (J/TH).