Cipher Mining Inc. released its unaudited production and operations update for April 2025, reporting the mining of approximately 174 Bitcoin $(BTC.AU)$ during the month. In line with its treasury management strategy, the company sold about 350 BTC, closing April with a balance of around 855 BTC. The update highlighted the deployment of 75,000 mining rigs, achieving a month-end operating hashrate of 13.5 EH/s and fleet efficiency of 18.9 J/TH. Despite a three-day planned shutdown at the Odessa site for maintenance, Cipher maintained solid production levels. The company is set to hold an earnings call on Tuesday, May 6th, to provide further business updates.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.