{
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  "docSlug": "cbb37e69e529db03aac1f0e7c7c95aa8",
  "documentTitle": "Cipher Mining | Investor Presentation Deck | 26 slides",
  "authorId": "cipher-mining",
  "authorName": "Cipher Mining",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2025-02-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 7,
  "pageCount": 26,
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  "nextPage": 8,
  "slideType": "traction",
  "function": "show_traction",
  "density": "dense",
  "nDataPoints": 8,
  "notes": "The slide contrasts operational efficiency (electricity costs) with capacity growth (hashrate).",
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  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-742e-7418-b383-4470f83bac45/7",
  "deckHref": "/decks/019de077-742e-7418-b383-4470f83bac45",
  "deckJsonHref": "/decks/019de077-742e-7418-b383-4470f83bac45.json",
  "deckAnchorHref": "/decks/019de077-742e-7418-b383-4470f83bac45#slide-7",
  "components": [
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      "kind": "chart",
      "text": "Steady Scaling: Self-Mining Hashrate",
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      "kind": "list",
      "text": "Odessa: ~$19,454 all-in electricity cost per BTC in 2024; ~87% of January 2025 BTC production",
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      "kind": "list",
      "text": "Cipher JV Data Centers (Alborz, Bear & Chief): ~$26,247 all-in electricity cost per BTC in 2024; ~13% of January 2025 BTC production",
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      "kind": "paragraph",
      "text": "2024 Operations Update ~ $20,281 All-in Electricity Cost per BTC in 2024",
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      "kind": "source-note",
      "text": "(1) Reflects electricity cost from 2024... (2) Reflects reconciled combined electricity cost... (3) Assumes energization of Phase I 150 MW...",
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      "kind": "title",
      "text": "Overview",
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  "arcBeats": [
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      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "What Is",
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      "evidence": "The traction slides provide an overview of Cipher Mining's operational highlights.",
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  "loops": [
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "cab34c17-ef73-40b5-b464-19e4d72aafff",
      "evidence": "The traction slides emphasize the importance of scaling.",
      "position": 0,
      "objective": "Highlight the benefits of Cipher Mining's steady scaling",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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