Self-mining hashrate and fleet efficiency target 2025
Company: Cipher Mining
What the later record shows
Outcome not yet confirmed
Hashrate reached only ~23.6 EH/s at ~16.8 J/TH in 2025, short of the ~35 EH/s and ~15.3 J/TH targets. The company then exited bitcoin mining at Black Pearl to pivot to HPC, and hashrate fell to ~11.6 EH/s.
“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 ↗
“~23.6 EH/s ~11.6 EH/s Q4 2025 Current Bitcoin Mining Exit Strategy Transition from BTC Mining to HPC”
2026-02-23 · cipher-mining 8-K exhibit (cipherdigital_businessup.htm) View cached copy (2026-09-13)Live source ↗
“All Black Pearl bitcoin mining rigs have been redeployed at Odessa, sold or marked for sale as development on HPC data center begins”
2026-02-23 · cipher-mining 8-K exhibit (cipherdigital_businessup.htm) View cached copy (2026-09-13)Live source ↗
Checked October 30, 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 of about 35.0 EH/s and fleet efficiency of about 15.3 J/TH in 2025, including energization of the 300 MW Black Pearl site.
Source (primary)
cipher-mining 8-K exhibit (cifr-ex99_2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-30)Live source ↗
Quote: “~35.0 EH/s 2025(2) ... ~15.3 J/TH 2025(2)”
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 (cifr-ex99_2.htm)
Quote: “~35.0 EH/s 2025(2) ... ~15.3 J/TH 2025(2)”