Cipher Mining Inc (CIFR)

[chickenvestor]

Finally.

https://finance.yahoo.com/news/cipher-mining-commences-bitcoin-mining-210500780.html



Cipher Mining Commences Bitcoin Mining at Odessa Data Center
Cipher Mining Inc.
Tue, November 29, 2022 at 3:05 PM

Marks Critical Step at Texas Site

All Four Data Centers Positioned to Produce up to ~7.0 EH/s at an Average Power Price of ~2.7 c/kWh by Early 2023

NEW YORK, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Cipher Mining, Inc. (Nasdaq: CIFR) (“Cipher” or the “Company”), a U.S.-based bitcoin mining company, today announced it has commenced bitcoin mining operations at its Odessa data center in Texas.

“We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site. The start of mining at Odessa represents a critical step in Cipher’s journey to become a market leader in the U.S. bitcoin mining industry. Since going public in 2021, we have built four data centers in Texas and are now one of the lowest cost producers of bitcoin,” said Tyler Page, CEO. “Because of our long-term, fixed price power contract at Odessa, we also have an advantage that few other bitcoin miners have -- the flexibility to mine bitcoin or resell our power to the market, which can help mitigate the effects of falling bitcoin prices.”