Cipher Mining Makes $99.5M Purchase of Bitmain Miners to Rapidly Scale Bitcoin Mining Operations
• Cipher Mining buys 37,396 Antminer T21 miners from Bitmain for $99.5M • New miners expected to deliver 7.1 EH/s of mining capacity by early 2025 • Purchase will allow Cipher to build first 135 MW facility at newly acquired Black Pearl site • Cipher secured option to acquire additional 45,706 miners representing 8.7 EH/s in 2024 • Investment shows Cipher's bullish outlook on Bitcoin market