Cipher Mining Reports August Bitcoin Production and Future Projections

According to PANews, Cipher Mining, a Nasdaq-listed mining company, has released its operational data for August. The Black Pearl Phase I project contributed approximately 39% to the total Bitcoin production. The company anticipates reaching a computing power of 10 exahashes per second (EH/s) by the end of the third quarter, which will increase its total self-mining capacity to around 23.5 EH/s. The detailed figures for August include a mining output of approximately 241 Bitcoin (BTC), with 42 BTC sold and 1,414 BTC held. Cipher Mining deployed around 115,000 mining machines, achieving an operational computing power of approximately 23.0 EH/s by the end of the month. The equipment efficiency was recorded at about 17.3 joules per terahash (J/TH).