Encryption mining (encryption) has begun Bitcoin
Production in its installation of black pearl of 300 megawatts (MW) in Texas, the company announced Monday. The launch marks a key milestone for the company, which now operates five active mining data centers in Bitcoin.
Phase I of the site, currently running at 150 MW, has reached an initial hashrada of 2.5 exahasos per second (eh/s). This number is expected to increase at 9.6 eh/s for the end of the third quarter, since the new mining platforms arrive and replaced the oldest units. Once totally operational, Cipher’s total fleet will push towards a self -report capacity of 23.1 eh/s.
The company delivered the site in 16 months and accredits its operational discipline to maintain low production costs amid the volatility of the industry.
“We are proud to be undermining Bitcoin earlier,” said CEO Tyler Page in a statement.
Cipher’s broader infrastructure strategy includes a 2.6 Gigavatian pipe (GW) that can serve both high performance computing customers (HPC) and Bitcoin mining.
As the competition hardens in the markets after the sheet, the scale in an economical and rapid way has become critical for public miners such as Cipher who try to maintain their advantage.
CIF decreased 6.9% on Monday during regular negotiation. The shares are higher by 1.9% after the hours.
