Cipher Mining Unveils April Bitcoin Production and Sales Report

Cipher Mining, a publicly traded Bitcoin mining company listed on the Nasdaq stock exchange, recently published its unaudited production and operational update for April. The report reveals that during this period, Cipher Mining mined 174 Bitcoin. However, the company conducted sales operations, selling an additional 350 BTC units, resulting in a reduction of their Bitcoin holdings to 855 BTC. At the same time, 379 BTC was retained as collateral. By month’s end, Cipher Mining boasted a hash rate of 13.5 EH/s, indicating its active mining operations.