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Cipher Mining Announces March 2025 Operational Update

April 4, 2025 - GlobeNewswire - Cipher Mining Inc. (NYSE: CIFR), a vertically integrated bitcoin mining company, today announced its operational update for March 2025.

As of March 31, 2025, Cipher Mining's fleet of bitcoin mining machines had a total hashrate of approximately 5.4 exahash, with an average hashrate of 4.3 exahash per day. This represents a 22% increase in total hashrate compared to the previous month.

The company's operational efficiency also improved in March, with a total power consumption of 104.5 megawatts, resulting in an average power consumption per terahash of 0.19 megawatts. This represents a 15% reduction in average power consumption per terahash compared to the previous month.

"We are pleased to report another strong month of operations in March, with our hashrate and operational efficiency continuing to improve," said Steve Stevens, CEO of Cipher Mining. "Our team's hard work and dedication are paying off, and we are well-positioned to continue to grow our business in the coming months."

Cipher Mining's operational update also includes the following key metrics:

• Total bitcoin mined in March: approximately 1,350 BTC
• Average daily bitcoin mined: approximately 45 BTC
• Total revenue generated in March: approximately $2.3 million
• Average revenue per bitcoin mined: approximately $1,700

Cipher Mining is a vertically integrated bitcoin mining company that operates a fleet of bitcoin mining machines. The company is headquartered in New York City and is listed on the New York Stock Exchange under the ticker symbol CIFR.