Cipher Mining has entered into an agreement with Canaan to procure 11,000 new A1346 model machines, thereby expanding its Bitcoin mining fleet. This acquisition is a significant move towards increasing the company’s hashing capacity to over 7.2 EH/s. As a result, Cipher now boasts a fleet of over 70,000 mining rigs. As a technology company, its primary focus is on developing and managing bitcoin mining data centers. The company strives to enhance the critical infrastructure of the Bitcoin network, with the aim of being a market leader in mining innovation and expansion, thanks to its talented team and strategic partnerships.