{"id":78493,"date":"2023-05-09T16:29:04","date_gmt":"2023-05-09T13:29:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78493"},"modified":"2025-09-11T05:19:50","modified_gmt":"2025-09-11T02:19:50","slug":"cipher-mining-to-buy-11000-bitcoin-miners-from-canaan","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cipher-mining-to-buy-11000-bitcoin-miners-from-canaan\/","title":{"rendered":"Cipher Mining to Buy 11,000 Bitcoin Miners From Canaan"},"content":{"rendered":"<p>Cipher Mining <a href=\"https:\/\/investors.ciphermining.com\/news-releases\/news-release-details\/cipher-mining-provides-first-quarter-2023-business-update\">announced the purchase<\/a> of 11,000 A1346 Bitcoin miners from Canaan.<\/p>\n<p>The new equipment is expected to increase the hash rate from the current 6 EH\/s to 7.2 EH\/s. By year-end, Cipher aims to reach a hash rate of 8.2 EH\/s.<\/p>\n<p>Delivery of the devices is expected in the third quarter of 2023. The facilities will be located in Odessa, Texas.<\/p>\n<p>Premarket values Cipher&#8217;s shares at $2.<\/p>\n<p>In the first quarter of 2023, the company&#8217;s net loss per share fell by more than half from $0.07 to $0.03.<\/p>\n<p>Cipher expects the average electricity price for the company to be $0.027 per kWh, with 96% of its capacity secured under fixed-price agreements.<\/p>\n<p>For the results of the fourth quarter 2022, Canaan <a href=\"https:\/\/forklog.com\/en\/news\/canaans-fourth-quarter-2022-revenue-falls-60\">amounted to $56.8 million<\/a>, down 59.9% from the previous reporting period.<\/p>\n<p>In August 2022 Cipher Mining launched <a href=\"https:\/\/forklog.com\/en\/news\/cipher-mining-launches-a-40-mw-green-mining-center\">a network of bitcoin miners<\/a> in a new data center in Texas with a capacity of 40 MW, powered by a wind farm.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cipher Mining announced the purchase of 11,000 Bitcoin miners A1346 from Canaan.<\/p>\n","protected":false},"author":1,"featured_media":78494,"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":[845,1137,26],"class_list":["post-78493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canaan","tag-cryptocurrency-mining","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78493"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78493\/revisions"}],"predecessor-version":[{"id":78495,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78493\/revisions\/78495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78494"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}