Cipher Mining has recently made a substantial purchase of 16,700 new miners set for delivery in the second quarter. Their strategic goal is to capitalize on the upcoming Bitcoin halving event expected in April.

In the following quarter, Cipher plans to install the latest Avalon A1466 miners at their Bear and Chief Mountain facilities in Texas. This move is projected to significantly bolster the company's self-mining capacity to reach 8.4 exahashes per second (EH/s), as declared by the firm on January 3rd.
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