Cipher Mining Investor Presentation Deck
Implementation - Mining Rig Availability
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In an evolving market, we seek to maximize flexibility and be opportunistic while maintaining price discipline
$42.81 anticipated weighted average cost for mining rigs ($/TH/s) (1)
Anticipated Machine Shipping Schedule by Month
10.0
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
Total HR /
Cipher HR
Available
Jan-22 Feb-22 Mar-22 Apr-22
Shipped on schedule
0.1 / 0.0
0.2 / 0.1
0.3 / 0.1
0.8/0.4
Source: Cipher Mining management
(1) Includes Bitmain and MicroBT contracts, net of contribution to joint venture partner
(2) Assumes unallocated infrastructure capacity is filled with Bitmain S19j Pro machines
Total Hash Rate (EH/s)
May-22 Jun-22 Jul-22 Aug-22
Micro BT
Bitmain
1.3 / 0.6
1.8/0.9
3.1 / 2.0
4.3 / 3.1
Sep-22
5.6 / 4.2
Oct-22 Nov-22
6.6 / 5.2
With opportunistic sourcing of rigs to fill unallocated 2022 infrastructure capacity:
7.6 / 6.2
Dec-22
8.5 / 7.2
Hash Rate Potential(2)
12.3/9.1 EH/s
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