Cipher Mining Stock Is Up Over 6% In Wednesday’s Pre-Market: What’s Going On?
Posted On July 2, 2025
Cipher Mining, Inc. (NASDAQ:CIFR) shares rose in Wednesday’s pre-market session as the company scales up its Bitcoin (CRYPTO: BTC) mining operations.
What happened: Cipher’s Black Pearl facility in Texas commenced operations last week with an initial hashrate of 2.5 exahashes per second (EH/s), with Phase I projected to reach 9.6 EH/s. The company aims to achieve a total hashrate of 23.1 EH/s by the third quarter.
Cipher said it started mining Bitcoin at the site “ahead of schedule.”
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