- Successful commencement of bitcoin mining at Cipher Mining's (CIFR, Financial) Black Pearl data center.
- Current hashrate of ~2.5 EH/s at the site, projected to reach ~9.6 EH/s upon completion of Phase I.
- Cipher Mining anticipates a total hashrate increase from ~16 EH/s to ~23.1 EH/s by Q3 2025.
NEW YORK, June 23, 2025 - Cipher Mining Inc. (CIFR) has officially kicked off bitcoin mining operations at its newly energized Black Pearl data center. The site is currently delivering a hashrate of approximately 2.5 EH/s, with plans to scale up to around 9.6 EH/s by the conclusion of Phase I.
In a statement, CEO Tyler Page expressed pride in surpassing project timelines, emphasizing the 16-month completion period for the Black Pearl facility, which enhances Cipher's position as one of the industry's most cost-efficient bitcoin producers. The company's total mining capacity is poised for growth, projecting an increase from the current 16 EH/s to about 23.1 EH/s across all sites by the third quarter of 2025, as modern mining rigs phase out legacy units.
Currently operating five data centers, Cipher Mining continues to bolster its infrastructure with a substantial 2.6 GW pipeline planned for future high-performance computing (HPC) hosting or further expansions in bitcoin mining. The Black Pearl site, operating at a capacity of 300 MW, marks a significant step in the company's strategy to scale its mining capabilities while maintaining operational efficiency.
