Cipher produced approximately 219 bitcoins in January. As part of its regular treasury management process, Cipher sold approximately 471 bitcoins in January, ending the month with a balance of approximately 1,091 bitcoins. The company said, “Cipher continued to make progress at its Black Pearl site, nearing completion of the Phase 1 buildings, which cover more than 100,000 square feet. In addition, the Company continued discussions with potential tenants and financing partners, aligning with management’s vision to establish Cipher as a leader in HPC data center development.”
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