Cipher Mining, a US-based Bitcoin mining company, has purchased 11,000 new A1346 model machines from Chinese manufacturer Canaan to increase its total hash rate capacity to over 7.2 EH/s. Cipher's machine fleet now consists of over 70,000 mining rigs. Cipher CEO Tyler Page stated that the company's technology and operations teams have been testing Canaan's new generation mining machines over the past few months and expects them to perform well during the hot summer months in Texas. The new machines are expected to be delivered and energized in the third quarter of this year, reinforcing Cipher's position as a leading Bitcoin miner.
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