The Bitcoin mining firm timed the new Avalon miners to install near the expected Bitcoin halving date, which is expected in mid to late April this year.
Bitcoin mining firm Cipher Mining has purchased 16,700 new miners to deliver in the second quarter, with hopes to be “one of the industry winners” of the Bitcoin halving event — expected in April.
Cipher expects to have the latest generation Avalon A1466 miners installed at its Bear and Chief Mountain facilities in Texas in the second quarter as well, bringing the firm’s total self-mining capacity to 8.4 exahashes per second (EH/s), the firm stated on Jan. 3.
Cipher didn’t disclose how much the 16,700 miners set them back but said the agreement was reached on “very favorable terms.”
