Cipher Mining Offloads 58 BTC in June: Production Update
02 July, 2025, 02:30 PM
Cipher Mining, a Bitcoin mining firm listed on the NASDAQ, released its June production report, revealing the sale of a portion of its Bitcoin holdings. The company mined 160 BTC during the month and sold 58 BTC to optimize its capital reserves. As of the end of June, Cipher Mining holds 1,063 BTC. The strategic sale allows the company to cover operational costs and reinvest in infrastructure upgrades, ensuring continued growth within the competitive Bitcoin mining landscape. This move reflects common treasury management strategies among publicly traded miners in response to market volatility. ```
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