Cipher Mining Launches 300MW Bitcoin Facility in Texas to Boost Hashrate

Cipher Mining (NASDAQ: CIFR) has officially commenced Bitcoin production at its 300-megawatt (MW) Black Pearl facility in Texas, marking a major milestone in its expansion strategy. The first phase of the site, operating at 150 MW, has achieved an initial hashrate of 2.5 exahashes per second (EH/s). Cipher plans to ramp this up to 9.6 EH/s by the end of Q3 2025 as it installs newer mining rigs, replacing outdated units.

Once the Black Pearl site is fully deployed, Cipher's total self-mining capacity is projected to reach 23.1 EH/s across five active data centers. This positions the company as a top contender in the competitive post-halving landscape, where efficiency and scale are key to profitability.

CEO Tyler Page emphasized the company's ability to deliver the project ahead of schedule and maintain low production costs, thanks to disciplined execution and strategic planning. The facility was completed in just 16 months, underscoring Cipher’s capability to scale rapidly amid market volatility.

Cipher’s broader roadmap includes a 2.6 gigawatt (GW) infrastructure pipeline designed to support both Bitcoin mining and high-performance computing (HPC) applications, highlighting its ambition to diversify and adapt to evolving digital infrastructure demands.

Despite the bullish operational news, Cipher shares fell 6.9% during regular trading on Monday but recovered slightly with a 1.9% gain in after-hours trading.

With energy efficiency, scalability, and a forward-looking strategy, Cipher Mining is strengthening its position in the U.S. Bitcoin mining sector, particularly in Texas—a growing hub for crypto infrastructure.