@CipherInc started in my attic almost six years ago. Yesterday, the team signed the last piece of steel to be hung at Barber Lake. Just another milestone (on schedule!) along the way. Never ever ever bet against this team.
$CIFR
Once you have signed a fantastic lease for a development site, your biggest risks are 1) financing and 2) construction/delivery.
We just priced a bond offering that was ~8x oversubscribed and has participation from practically every high yield bond investor in the world to
Happy Veterans Day to all who have served.
@CipherInc relies on vets every day—22% of our employees are ex-armed forces. I’m proud to call them teammates. Thank you for your service.
🫡
So, for the past year, “industry experts” told me that hyperscalers would never sign up for a data center far outside the Dallas metroplex…and yet, in our conversations, those tenants told me that they needed hundreds of MW at a single campus….I’m in an Uber to DFW and drove by
RIP @Charge_Stack. I am so thankful for all the support you showed @CipherInc and me. You proactively reached out to start a CIFR community on X just because you liked us and believed in us. We will miss you. 😢
Anyone that has worked with @BitfuryGeorge knows that compliments like this one don't come easy. I plan to frame this. Thank you @CipherInc team for earning it.
$CIFR
The biggest challenge in incubating any story is finding a right CEO - partner that will take the story to the next level. Finding @rftylerpage and enlisting him to run with $CIFR was one of the key decisions and Tyler knows we “dont grade on curve” and embraced the opportunity
CONGRATS to the @CipherInc team & esp to @rftylerpage for *terrific* execution! And thx to @BitfuryGeorge for leaving me a signed copy of his new book, which includes a section on Cipher. What an evolution since inception when George first contacted me about joining the board! 👏
With #Bitcoin at all-time highs, it is a nice time to say that @CipherInc completed the upgrade of our Odessa data center last week--now pumping the industry's cheapest electricity through one of its most efficient fleets.
13.5 EH/s self-mining, 18.9 j/th, 2.7 c/kwh
$CIFR
For 4 years, our team has poured a lot of sweat, tears and late hours into building @CipherInc from a PowerPoint deck to a sizable pubco. Just when public momentum seems to favor bitcoin mining, more roadblocks:
Today, @YahooFinance informed us that they will no longer carry our
Grateful for the relentless effort from our team to get Black Pearl online in just 16 months. Ahead of schedule. Built safely. Now hashing. Huge congratulations to the entire team on the exceptional work; let’s keep building.
$CIFR
$CIFR has successfully energized and commenced hashing at our Black Pearl site! We’re proud to have safely and efficiently delivered this best-in-class data center in just 16 months.
With today’s update, we have accomplished the following:
* Successfully energized 300 MW Black