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  "authorName": "Cipher Mining",
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  "presentationDate": "2024-03-01 00:00:00",
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  "notes": "Focuses on power cost, energy stability, and fleet efficiency improvements alongside specific data center expansion timelines.",
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      "text": "30 MW expansion at each of Bear and Chief JV data centers delivering ~1.25 EH/s of self-mining capacity on track for Q2 2024 deployment. Hardware and software optimization expected to add an incremental ~0.62 EH/s, expected by Q3 2024. 300 MW Black Pearl data center construction commenced with expected energization in Q2 2025",
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      "text": "~2.7c Anticipated Weighted Average Power Price (c/kWh)",
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      "text": "~96% of Portfolio Energized Through Fixed Price Power",
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      "text": "~29.9 J/TH Current Operating Fleet Efficiency",
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      "text": "~22.0 J/TH 2025 Expected Fleet Efficiency",
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      "text": "(1) Represents the expected weighted average power price at Cipher's current sites (2) Reflects Cipher's expected fleet efficiency with the current operating fleet, energization of contracted rigs / hardware, implementation of software, and energization of the full Bitmain T21 purchase option",
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      "text": "Positioned to Win Through the Halving",
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