Cypher signed a $2.5 million (USD) definitive agreement to acquire bit mining infrastructure based in the USA for long term revenue generation on 15 January 2021. 

Cypher’s investment will deliver an initial tranche of 9,450 Terahash per second worth of mining rigs to be fully hosted in the USA. The Company also has the option to further expand their initial investment, with the first right of refusal on a second tranche of an equal number of mining rigs for a period of one year.