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Benzinga
Benzinga
Business
Aniket Verma

Cipher Mining Stock Is Up Over 6% In Wednesday's Pre-Market: What's Going On?

Bitcoin

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.

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