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Self-mining hashrate target Q3 2025

Company: Cipher Mining

Subject kind
guidance
Statement date
2025-02-24
Promised by
2025-09-30
Current status
verified

What the later record shows

Delivered on time · happened September 30, 2025

Cipher reported total self-mining hashrate of about 23.6 EH/s at the end of Q3 2025. That exceeds the ~23.0 EH/s target.

“Exceeded Q3 2025 hashrate projections and achieved total self-mining hashrate of ~23.6 EH/s”
2025-11-02 · cipher-mining 8-K exhibit (ciphermining_businessupd.htm) View cached copy (2026-09-27)Live source ↗

Checked October 19, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.

The claim, verbatim

Cipher expects self-mining hashrate to reach about 23.0 EH/s by Q3 2025, up from about 13.5 EH/s in Q4 2024. This assumes Black Pearl Phase I (150 MW) is energized with rigs from the Bitmain option and part of the Canaan option.

Source (primary)

cipher-mining 8-K exhibit (exh992revduploadtoworkiv.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-19)Live source ↗

Quote: “~13.5 EH/s Q4 2024 ~23.0 EH/s Q3 2025(1)”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms cipher-mining 8-K exhibit (exh992revduploadtoworkiv.htm)

Quote: “~13.5 EH/s Q4 2024 ~23.0 EH/s Q3 2025(1)”

View cached copy (2026-10-19)Live source ↗

confirms cipher-mining 8-K exhibit (ciphermining_businessupd.htm)

Quote: “Exceeded Q3 2025 hashrate projections and achieved total self-mining hashrate of ~23.6 EH/s”

View cached copy (2026-09-27)Live source ↗

Record of changes

October 19, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 19, 2026 — verified
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.