PANews reported on June 5 that Cipher Mining (NASDAQ: CIFR) released its operating data for May, according to GlobeNewswire. The company produced about 179 bitcoins in total that month, including about 4 bitcoins of equivalent value obtained through electricity sales and about 23 bitcoins from joint venture data centers. The company sold 64 bitcoins in May, and held a total of 966 bitcoins at the end of the month, of which about 334 were used for pledge guarantees.

As of the end of May, Cipher Mining has deployed 75,000 mining machines, with an operating computing power of 13.5 EH/s and a mining machine efficiency of 18.9 J/TH. The company is advancing the construction of the Black Pearl data center in Texas. The first phase of the building is nearing completion, and the old mining machines from the Odessa upgrade project have been moved and installed, waiting for power. Cipher Mining has purchased the remaining mining machines to fill the 150 megawatt power capacity of the first phase of Black Pearl, and the new mining machines are expected to arrive and be deployed in early July. After the deployment is completed, the company's estimated computing power will increase from the current 13.5 EH/s to approximately 23.1 EH/s.