Cipher Mining Inc., a bitcoin mining firm listed on Nasdaq, has introduced the acquisition of a 250-acre website in West Texas.
Cipher Mining Secures Strategic Website for Bitcoin Mining Enlargement
In accordance with Cipher Mining’s (Nasdaq: CIFR) announcement, the brand new facility, referred to as the Stingray website, will add 100 megawatts (MW) of front-of-the-meter capability to its knowledge middle operations, furthering its strategic development in industrial-scale bitcoin (BTC) mining.
The transaction, based on the press launch, features a $4.1 million money cost and a $1.5 per megawatt-hour variable charge for the preliminary 5 years of the location’s operation. With obligatory regulatory approvals secured and a facility extension settlement finalized with ONCOR, the location is predicted to start energy consumption within the first half of 2026.
The addition of the Stingray website will increase Cipher‘s portfolio and pipeline to a mixed whole of two.6 gigawatts (GW) throughout 11 websites. In accordance with Cipher’s CEO Tyler Web page, the acquisition aligns with the corporate’s broader plans, complementing different initiatives scheduled to launch in 2025 and 2027.
“We’re more than happy so as to add the brand new 100 MW Stingray knowledge middle website to our increasing pipeline. With the addition of this website, we now have a knowledge middle scheduled to energise in 2026 that enhances our different new knowledge facilities scheduled to energise in 2025 and 2027,” Web page remarked on Wednesday.
Situated adjoining to present transmission property, the Stingray website is designed to reinforce Cipher’s operational effectivity within the high-performance computing (HPC) and BTC mining sectors. The growth, Cipher famous, displays a rising concentrate on large-scale knowledge middle improvement to satisfy growing demand for HPC internet hosting and digital asset mining.
