Overview
- The stock extended a six-day rally to a new high after the company released its September operational update.
- Cipher mined about 251 Bitcoin in September, including 19 from joint ventures, with 23.6 EH/s operating hashrate and 16.8 J/TH fleet efficiency across 114,000 rigs.
- Phase I of the Black Pearl site is complete, delivering 10.1 EH/s of self-mining capacity, as the company shifts focus to high-performance computing.
- Cipher sold roughly 158 Bitcoin during the month, ended September with about 1,500 Bitcoin in treasury, and realized roughly seven Bitcoin-equivalent from power sales.
- Coverage has highlighted reported plans for AI/HPC hosting, including a 10-year Fluidstack deal and a $1.4 billion Google financing backstop, which have not been formally detailed by the company in this update.