Bitcoin miner CipherInc reported a widened loss in the second quarter, but managed to bring down its per-terahash cost of mining rigs. egreechee reports
, according to the report. It has mostly paid off its equipment contract with Bitmain for 27,000 rigs, barring a final payment that it plans to cover with a company credit, CEO Tyler Page said during the earnings call.
It is now starting to accept deliveries for 60,000 rigs from MicroBT. The miner is in talks with MicroBT to"better align" deliveries with the construction progress of the data center, Page said. Cipher has secured a fixed price of about $27 per megawatt hour for its biggest site in Odessa, west Texas, significantly lower than competitors in the region, the CEO said.forecast from 405MW, including 305MW for self-mining, to 345MW, including 275MW for self-mining. The rest will go to hosting other companies' rigs.
The firm has no corporate debt, other than its share of an equipment financing agreement for the Alborz site, which is around $11 million, according to the report.