Cipher Mining Trading Volume Plummets 47.84% to 2.56 Billion, Ranks 444th in Daily Market

On July 23, 2025, Cipher Mining (CIFR) experienced a significant decline, with its trading volume dropping by 47.84% to 2.56 billion, placing it at the 444th position in the daily stock market rankings. The stock price of Cipher Mining (CIFR) fell by 3.75%.

Cipher Mining Inc. announced that Phase I of its Black Pearl project has achieved a self-mining capacity of approximately 3.4 EH/s, surpassing the company's previous guidance of 2.5 EH/s for the second quarter of 2025. This milestone is a testament to the company's operational efficiency and strategic planning. The management expects the hashrate to continue growing through the third quarter of 2025, with new mining rigs being delivered in scheduled batches and gradually replacing older units.

Cipher Mining Inc. has reached a total self-mining hashrate of around 16.8 EH/s and anticipates scaling to approximately 23.1 EH/s upon completion of the installation. The company produced around 1,601 bitcoins in June and ended the month with a balance of approximately 1,063 bitcoins after selling around 58 bitcoins as part of its regular treasury management process. Cipher Mining Inc. specializes in industrial-scale Bitcoin mining and is committed to enhancing and fortifying the critical infrastructure of the Bitcoin network in the United States.