These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and our management, are inherently uncertain. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions). Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies.
Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations regarding our future results of operations and financial position, business strategy, timing and likelihood of success, potential expansion of bitcoin mining data centers, and management plans and objectives, are forward-looking statements and should be evaluated as such. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. We now look forward to completing the final phase of Odessa’s buildout this summer and turning our focus to the next stages of growth.” In April, we continued to fund our operating expenses as well as our capital expenditures through ongoing operations, without any dilution for shareholders. “We now have over 5 EH/s of self-mining operations at our Odessa facility and approximately 1 EH/s of self-mining operations across our other three sites. “We are delighted to announce we achieved our initial corporate buildout goal of 6 EH/s during the month of April,” said Tyler Page, CEO of Cipher. Cipher finished April with the potential to mine approximately 16.2 bitcoin 1 per day. During the month of April, Cipher expanded operations at its Odessa facility while funding both operating expenses and capital expenditures through ongoing operations.
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