32 EH/s hashrate capacity by end of 2025
Company: Cipher Mining
What the later record shows
Outcome not yet confirmed
Hashrate reached only about 23.6 EH/s in Q4 2025. The company then exited bitcoin mining, reducing hashrate to about 11.6 EH/s.
“~23.6 EH/s ~11.6 EH/s Q4 2025 Current Bitcoin Mining Exit Strategy Transition from BTC Mining to HPC • Sale of Joint Venture Sites”
2026-02-23 · cipher-mining 8-K exhibit (cipherdigital_businessup.htm) View cached copy (2026-09-13)Live source ↗
Checked November 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
aims to reach cumulative hashrate capacity of approximately 32 EH/s by end of 2025
Source (primary)
Cipher Mining 10-K filed 2022-03-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “by the end of 2025, we will have the potential to reach a cumulative electrical power capacity of approximately 745MW and corresponding hashrate of approximately 32 EH/s”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The filing frames this as Cipher's aim ('Our aim is that by the end of 2025, we will have the potential to reach... approximately 32 EH/s'), matching the claim.
Confirmed in the source:
- Cipher's stated aim was to have the potential to reach a cumulative hashrate of approximately 32 EH/s by the end of 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000095017022002861/cifr-20211231.htm) in full (509,143 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K filed 2022-03-04
Quote: “by the end of 2025, we will have the potential to reach a cumulative electrical power capacity of approximately 745MW and corresponding hashrate of approximately 32 EH/s”