🚀 Cipher Mining purchased 16,700 new Avalon A1466 mining machines from Canaan for installation at its Bear and Chief Mountain mining sites in Texas. This will increase the total self-production power to 8.4 EH/s. 🏭

The miners will be evenly distributed between the two facilities, increasing the power of each by 30 megawatts, which corresponds to 1.25 EH/s. This is the second purchase of machines from Canaan, after a successful experience using their equipment during the hot summer period.

Such strategic investments in the Bitcoin mining sector indicate preparation for the upcoming halving of mining rewards.