Difficulty goes down by 6% amid hashrate shutoff
63MW energized in new proprietary Texas site for relocated miners from Kearney and Granbury
Core bought 2.52 EH/s of Bitmain's S21 miners in October for $20/TH/s
Since the New Year, bitcoin mining firms have continued doubling down on miner purchases while securing options to lock in cheaper prices
Cipher said the new purchases will add about 1.2 EH/s to its proprietary mining capacity.
It has secured an option to buy another 8.7 EH/s in 2024 for the same price of $14/TH/s.
Texas alone is set to add at least another 500 MW by Q2.
Bitmain and MicroBT Set for Revenue Boost
But they are yet to reach 52-week highs, underperforming bitcoin over the past few months.