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  "documentTitle": "Cipher Mining | Investor Presentation Deck | 26 slides",
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      "text": "Energization expected in 2Q 2025; Data center construction progressing on schedule; Phase I envisions 150 MW of air-cooled rigs; Evaluating BTC mining or HPC for 150 MW of Phase II capacity",
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      "text": "1) Reflects deployment of rigs under Bitmain option and a portion of the Canaan option assuming A15 XPs",
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