Cipher Mining strategically acquired 16,700 new miners ahead of the Bitcoin halving, aiming to expand their mining capacity in Texas. With a bullish outlook tied to the event's historical impact on Bitcoin prices, Cipher aims to emerge as a major player in the industry.
JoyBear LLC and Chief Mountain LLC, joint ventures in which Cipher holds 49% interests, will purchase 16,700 units of the latest Avalon A1466 miners from the country.
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