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The company announced the acquisition of a new site in Texas last week.
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Bitcoin halving is scheduled for April 2024.
No crypto miner wants to leave a stone unturned for the upcoming Bitcoin (BTC) halving. Cipher Mining, a public miner, has recently ordered 37,396 units of Bitmain Antminer T21 miners, which will be delivered in the first half of 2025. Additionally, they have an option to acquire 45,706 miners in 2024 according to the official announcement.
Cipher Preparing Black Pearl Before Halving Hits
“By acquiring 7.1 EH/s of Bitmain’s T21 mining rigs, we can build out the first 135 MW at our newly acquired Black Pearl site,” said Cipher CEO Tyler Page. “Cipher’s custom software and operations stack, combined with the attractive pricing dynamics in the ERCOT market, will allow us to fully utilize the unique qualities of the T21’s energy modes to maximize profits at Black Pearl.”
It must be noted that the crypto mining machines will b
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