TechFlow news, Bitcoin mining company Cipher Mining has acquired 16,700 new mining machines, scheduled for delivery in the second quarter.
This purchase will enable the company to deploy the latest-generation Avalon A1466 miners at its Bear and Chief Mountain facilities in Texas, bringing its total self-mining capacity to 8.4 EH/s.
Cipher mined 465 bitcoins in December, a 7.4% increase month-on-month. The company holds 796 bitcoins, worth $34 million.
Cipher's stock price has risen 638% since 2023, reaching $4.13, with a current market capitalization of $1.01 billion, ranking behind Marathon Digital Holdings, Riot Platforms, CleanSpark, and Hut 8 Mining.




