Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. Any statements made in this press release or during the earnings call that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such.
The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. This document contains certain forward-looking statements within the meaning of the federal securities laws of the U.S. Cipher aims to leverage our best-in-class technology, market-leading power purchase arrangements, and a seasoned, dedicated senior management team to become the market leader in Bitcoin mining. Its goal is to be the leading Bitcoin mining company in the United States. Ĭipher is an industrial-scale Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network’s critical infrastructure. To learn more about Cipher, please visit. “Overall, as a newly formed public company, we continue to make great strides and are maintaining strong momentum across our business.”
“With these key purchase agreements in place, we look forward to meeting our goal of expanding and strengthening Bitcoin’s critical network infrastructure,” added Mr. The majority of the mining rigs are scheduled to be delivered in the second half of 2022. Since becoming a publicly traded company at the end of August 2021, Cipher has entered into purchase contracts for mining rigs from three different major manufacturers (including Bitfury) for machines capable of generating an aggregate hashrate of up to approximately 19.2 EH/s. “We were able to secure these mining rigs at an attractive price and demonstrate the unique potential of our relationship with Bitfury.” “Signing this agreement is an important milestone as we build out a significant Bitcoin mining footprint in the United States,” said Tyler Page, CEO of Cipher. Under the MSSA, Cipher has a right of first refusal to purchase certain equipment from Bitfury, including mining rigs, and therefore expects to have ongoing access to additional competitively priced machines for future data center deployments. This agreement was executed under the framework of the seven-year Master Supply and Services Agreement between Bitfury and Cipher dated as of Aug(the “MSSA”).
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