Cipher Mining doubles hash rate capacity in January

Mining

Cipher Mining reached a hash price capability of 4.3 EH/s by the top of January, a 53.6% month-over-month improve.

It additionally greater than doubled the full variety of bitcoin mined, reaching 343, most of which it offered “as a part of its common treasury administration course of.”

“Our skilled deployment and operations groups labored tirelessly to proceed our fast hash price construct all through January,” stated CEO Tyler Web page in an announcement on Wednesday.

Cipher energized 13,300 new Bitmain and MicroBT miners all through the month, in keeping with the assertion.

“Cipher stays on monitor to construct out ~6 EH/s of self-mining capability within the first quarter of 2023,” Web page stated.