Expansion And GrowthCipher is ahead of schedule with its Phase 1 – 150 MW expansion at Black Pearl and expects to bring an additional 2.5 EH/s online, increasing total BTC mining capacity.
Financial PerformanceCIFR reported strong 1Q25 results with revenues of $49M and estimated proforma Adj. EBITDA of $26M, in line with previous estimates.
Strategic PartnershipsCipher's newly formed partnership with Fortress is seen as a significant development that should accelerate the company's timeline to sign an HPC/AI tenant.