2025 aggregate hashrate target
Company: Cipher Mining
What the later record shows
Delivered on time · happened September 30, 2025
Q3 2025 operating hashrates were ~11.3 EH/s (Odessa), ~10.1 EH/s (Black Pearl) and ~4.4 EH/s (JV sites), about 25.8 EH/s in total, which meets the 25.2 EH/s target before year-end. The total is summed from the per-site figures, not stated directly.
“~17.6 J/TH Fleet Efficiency ~11.3 EH/s Total Operating Hashrate $25,414 Q3 2025 All-In Electricity Cost per BTC(2) 150 MW Total Operating Power Capacity ~13.9 J/TH Fleet Efficiency ~10.1 EH/s Total Operating Hashrate”
2025-11-02 · cipher-mining 8-K exhibit (ciphermining_businessupd.htm) View cached copy (2026-09-27)Live source ↗
“120 MW Total Operating Power Capacity(4) ~25.7 J/TH Fleet Efficiency ~4.4 EH/s Total Operating Hashrate(4)”
2025-11-02 · cipher-mining 8-K exhibit (ciphermining_businessupd.htm) View cached copy (2026-09-27)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
Company expects hashrate of at least 25.2 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: “and a corresponding hashrate of at least approximately 25.2 EH/s”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K ties a hashrate of at least approximately 25.2 EH/s to its planned capacity by the end of 2025.
Confirmed in the source:
- Cipher expects a hashrate of at least approximately 25.2 EH/s by the end of 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000181998925000005/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: “and a corresponding hashrate of at least approximately 25.2 EH/s”
confirms cipher-mining 8-K exhibit (ciphermining_businessupd.htm)
Quote: “~17.6 J/TH Fleet Efficiency ~11.3 EH/s Total Operating Hashrate $25,414 Q3 2025 All-In Electricity Cost per BTC(2) 150 MW Total Operating Power Capacity ~13.9 J/TH Fleet Efficiency ~10.1 EH/s Total Operating Hashrate”