{"id":88412,"date":"2023-12-18T19:48:27","date_gmt":"2023-12-18T17:48:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88412"},"modified":"2025-09-13T17:54:15","modified_gmt":"2025-09-13T14:54:15","slug":"cipher-mining-to-buy-more-than-37000-bitcoin-miners-from-bitmain","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cipher-mining-to-buy-more-than-37000-bitcoin-miners-from-bitmain\/","title":{"rendered":"Cipher Mining to buy more than 37,000 Bitcoin miners from Bitmain"},"content":{"rendered":"<p>Cipher Mining has agreed with Chinese manufacturer Bitmain to purchase a large batch of equipment for mining Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today <a href=\"https:\/\/twitter.com\/search?q=%24CIFR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$CIFR<\/a> announced an agreement to purchase 7.1 EH\/s of latest generation Bitmain T21 rigs with the option to acquire another 8.7 EH\/s at a fixed price of $14\/TH. The rigs can be used for opportunities in 2024 and for Black Pearl in 2025. Release here: <a href=\"https:\/\/t.co\/HQVGRWoPLO\">https:\/\/t.co\/HQVGRWoPLO<\/a><\/p>\n<p>\u2014 Cipher Mining (@CipherInc) <a href=\"https:\/\/twitter.com\/CipherInc\/status\/1736734983249682459?ref_src=twsrc%5Etfw\">December 18, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The deal calls for the purchase of 37 396 <a href=\"https:\/\/u1f987.com\/en\/news\/bitmain-unveils-new-miner-with-190-th-s\">Antminer T21<\/a> with a hashrate of 7.1 EH\/s \u2014 they will be delivered in the first half of 2025. The company also has an option to purchase an additional 45 706 devices with a capacity of 8.7 EH\/s in 2024.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abBy acquiring Bitmain&#8217;s T21 mining rigs with a capacity of 7.1 EH\/s, we will be able to build the first 135 MW at our recently acquired Black Pearl site. We also have the option to purchase up to 8.7 EH\/s of T21s in 2024. [\u2026] If we decide to exercise the option, we will have enough mining rigs for another 165 MW of infrastructure\u00bb, \u2014 said Cipher CEO Tyler Page.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-12-18-v-17.39.37.webp\" alt=\"Snimok-ekrana-2023-12-18-v-17.39.37\" class=\"wp-image-222403\"\/><figcaption class=\"wp-element-caption\">Data: Cipher Mining.<\/figcaption><\/figure>\n<p>According to the press release, the machines will cost the company $14 per TH\/s. According to <a href=\"https:\/\/data.hashrateindex.com\/asic-index-data\" target=\"_blank\" rel=\"noreferrer noopener\">Hashrate Index<\/a>, market quotes for devices with energy consumption under 25 J\/TH stand at $13.54 per TH\/s at the time of writing.<\/p>\n<p>Shares in the company rose 17.31% on the news. The price at the time of writing was $3.05.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-12-18-v-19.37.11.webp\" alt=\"Snimok-ekrana-2023-12-18-v-19.37.11\" class=\"wp-image-222404\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.marketwatch.com\/\" title=\"\">MarketWatch<\/a>.<\/figcaption><\/figure>\n<p>In August 2022, Cipher Mining launched a <a href=\"https:\/\/u1f987.com\/en\/news\/cipher-mining-launches-a-40-mw-green-mining-center\">Bitcoin mining network<\/a> at a new data centre in Texas with a capacity of 40 MW, powered by a wind farm.<\/p>\n<p>In spring 2023 the company announced the purchase of <a href=\"https:\/\/u1f987.com\/en\/news\/cipher-mining-to-buy-11000-bitcoin-miners-from-canaan\">11,000 A1346 devices<\/a> from Canaan.<\/p>\n<p>In December, Australian Iris Energy agreed with Bitmain to purchase <a href=\"https:\/\/u1f987.com\/en\/news\/iris-energy-to-buy-8380-bitcoin-miners-from-bitmain-for-22-3-million\">8,380 Antminer T21 for $22.3 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cipher Mining has agreed with Chinese manufacturer Bitmain to purchase a large batch of equipment for mining Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":88413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,26],"class_list":["post-88412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=88412"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88412\/revisions"}],"predecessor-version":[{"id":88414,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88412\/revisions\/88414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/88413"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=88412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=88412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=88412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}