Cipher Mining refused to purchase Bitfury miners – Bits Media

Mining company Cipher Mining refused to purchase Bitfury ASIC miners, deliveries of which were supposed to take place this year. It will continue to use Bitmain and MicroBT equipment.

Last fall, the company made a pre-order for Bitfury miners, and quite enough significant – from 28 000 to 56 000 devices (the exact number is unknown). The maximum cost is $6 250, respectively, сумма сделки могла достигать $350 million. but, как рассказал генеральный директор Cipher Mining Тайлер Пейдж (Tyler Page), было решено отказаться от закупки этого оборудования, чтобы сохранить «гибкость» компании.

“We are sure, что грядущие рыночные условия могут потребовать максимальной гибкости бизнеса, поэтому мы решили продолжить нашу работу с Bitmain и MicroBT, но отказаться от майнингового оборудования Bitfury в 2022 year ", – noted the CEO of Cipher Mining.

By the end of the year the company plans to purchase 60 000 ASIC miners Bitmain and 27 000 MicroBT devices. After delivery and installation of equipment, the total Cipher Mining hashrate will be 7.2 Source/c. Contract with Bitfury locked on 7 years old, therefore, in the future Cipher Mining may well purchase equipment from this company. for instance, if there is a shortage of ASIC miners on the market.

Note, that the decision to abandon Bitfury equipment will be quite expensive for Cipher Mining – as Wells Fargo experts calculated, “the cost of terahash” for the company will increase by 10-11% and will amount to $42.81. And this is taking into account, that while Cipher Mining continues to invest in infrastructure - for 11 months 2021 year the company reported a net loss of $72 million.

In February, Bitfury Group announced the launch of a data center for cryptocurrency mining with a capacity of 28 that as a result of preventive measures carried out jointly with government agencies.