Bitcoin mining company Cipher Mining produced approximately 428 BTC in October, an increase of 3% month-on-month.

Bitcoin mining company Cipher Mining Inc. released its October operational update, with the company producing approximately 428 BTC in October, an increase of about 3% from the previous month. Additionally, the average monthly network hash rate in October increased by about 9% from the previous month. As part of its regular financial management process, Cipher sold approximately 466 BTC in October, with a balance of approximately 516 BTC at the end of the month and a running hash rate of 7.2 EH/s.