Company-owned hashrate target by end of 2025
Company: Cipher Mining
What the later record shows
Delivered on time · happened September 30, 2025
Cipher reported a self-mining (owned) hashrate of about 23.6 EH/s at Q3 2025, above the ~23.0 EH/s target. The Q4 2025 figure was also ~23.6 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 ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Expect to own approximately 23.0 EH/s by end of 2025
Source (primary)
Cipher Mining 10-K filed 2025-02-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “of which we expect to own approximately 23.0 EH/s”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K states that, of the planned end-2025 hashrate, Cipher expects to own approximately 23.0 EH/s, with the rest owned by WindHQ.
Confirmed in the source:
- Cipher expects to own approximately 23.0 EH/s of hashrate by the end of 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000181998925000005/cifr-20241231.htm) in full (492,885 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K filed 2025-02-25
Quote: “of which we expect to own approximately 23.0 EH/s”
confirms cipher-mining 8-K exhibit (cipherdigital_businessup.htm)
Quote: “~23.6 EH/s ~11.6 EH/s Q4 2025 Current Bitcoin Mining Exit Strategy Transition from BTC Mining to HPC”
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”