These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "forecast," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions (including the negative versions of such words or expressions). Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies.
CIPHER MINING UPDATE
Any statements made in this press release or during the business update conference call that are not statements of historical fact, including statements about our beliefs and expectations regarding our performance, strategy, expansion plans, future operations, future operating results, projected costs, prospects, plans, and objectives of our management, are forward-looking statements and should be evaluated as such. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. This press release contains certain forward-looking statements within the meaning of the federal securities laws of the U.S. To learn more about Cipher, please visit. Cipher aims to leverage its best-in-class technology, market-leading power purchase arrangements, and a seasoned, dedicated senior management team to become a market leader in Bitcoin mining. To access this conference call, dial (844) 689-1757 or (929) 517-0940 and use the conference ID 2635904.Ĭipher is an industrial-scale Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network's critical infrastructure.
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The live webcast and a webcast replay of the conference call can be accessed from the investor relations page of Cipher's website at.
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Eastern Time to discuss the first quarter results for 2022 and management’s outlook for future financial and operational performance. Began Bitcoin mining in February at its first data center at Alborz.įirst 0.3 EH/s (2,949 mining rigs) installed at Alborz facility.Ĥ00 PH/s added to 2022 delivery forecast, bringing new Cipher hashrate forecast to 7.5 EH/s of equipment scheduled for delivery in 2022, with a highly efficient machine fleet averaging 32.1 J/TH.įour sites in development with an expected 275 MW of power availability by the end of 2022.Ĭipher’s weighted average power price is 2.73 c/kWh and anticipated weighted average cost for mining rigs is expected to be $45.01 per TH/s.Ĭlosed $46.9 million debt financing for Alborz from BlockFi Lending LLC on May 2, 2022.Ĭipher will host a conference call and webcast today at 8:00 a.m.