Cipher Mining (CIFR) announced the energization and commencement of hashing at its Black Pearl site. Hashrate currently generated at the site is ~2.5 EH/s and will continue to grow through the third quarter as new mining rigs are delivered in scheduled batches, gradually replacing legacy units. Upon completion of this installation, Phase I is expected to reach a hashrate of ~9.6 EH/s, bringing Cipher’s total self-mining hashrate across all sites to ~23.1 EH/s. Cipher now operates five data centers dedicated to bitcoin mining, with a pipeline of 2.6 GW expected to be used for HPC hosting or bitcoin mining applications.
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