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![CipherInc Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1367845728505237504.png) Cipher Mining [@CipherInc](/creator/twitter/CipherInc) on x 8711 followers
Created: 2025-06-04 20:20:48 UTC

$CIFR continues to make excellent progress at Black Pearl and remains on track for energization this month. Phase I is nearly complete and legacy rigs from the Odessa upgrade are racked and ready for energization. We have also purchased the remaining balance of mining rigs to fill XXX MW of capacity at Phase I of Black Pearl, which will bring Cipher’s total self-mining hashrate from ~13.5 EH/s to ~23.1 EH/s.

*BTC Mined: ~179
*BTC Sold: ~64
*BTC Held: ~966
*Deployed Mining Rigs: ~75,000
*Month End Operating Hashrate (EH/s): ~13.5
*Month End Fleet Efficiency (J/TH): ~18.9

Press Release:

#BTC #HPC

![](https://pbs.twimg.com/media/GsoCnEBXEAAMNgM.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1930359098555384212/c:line.svg)

**Related Topics**
[$cifr](/topic/$cifr)
[mining](/topic/mining)
[cipher mining](/topic/cipher-mining)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)

[Post Link](https://x.com/CipherInc/status/1930359098555384212)