Cipher’s Crypto Mining Expansion Plan Includes Over 16K Miners

Cipher’s Crypto Mining Expansion Plan Includes Over 16K Miners

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Both the data centers will receive an expansion of 30 MW each.
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The company currently holds 553 Bitcoin in its portfolio of assets.
US-based crypto miner Cipher Mining has announced that it will acquire 16,700 new miners for Bitcoin (BTC) mining in its latest press release. The agreement with Canaan, a Chinese computer hardware manufacturer, will deliver the mentioned number of Avalon A1466 miners in Q2 2024. Ordered miners will be installed in its Bear and Chief facilities.
Both Facilities Will Get Equal Expansion
Both the data centers will receive an expansion of 30 megawatts (MW) each, making the move equalling 60 MW. Recently, the company purchased 37,396 units of Bitmain Antminer T21 miners for nearly $100 Million. Their announcement revealed the crypto miner has an option to acquire 45,706 miners.
“We are pleased to announce we have finalized and funded the plans for initial 30 MW expansions in the second quarter at each of our Bear and Chief

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