Cipher Mining Inc., a bitcoin mining firm listed on Nasdaq, has introduced the acquisition of a 250-acre web site in West Texas.
Cipher Mining Secures Strategic Website for Bitcoin Mining Growth
In response to Cipher Mining’s (Nasdaq: CIFR) announcement, the brand new facility, generally known as the Stingray web site, will add 100 megawatts (MW) of front-of-the-meter capability to its knowledge middle operations, furthering its strategic progress in industrial-scale bitcoin (BTC) mining.
The transaction, in keeping with the press launch, features a $4.1 million money fee and a $1.5 per megawatt-hour variable payment for the preliminary 5 years of the positioning’s operation. With crucial regulatory approvals secured and a facility extension settlement finalized with ONCOR, the positioning is predicted to start energy consumption within the first half of 2026.
The addition of the Stingray web site will increase Cipher‘s portfolio and pipeline to a mixed whole of two.6 gigawatts (GW) throughout 11 websites. In response to 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 very happy so as to add the brand new 100 MW Stingray knowledge middle web site to our increasing pipeline. With the addition of this web site, 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 current transmission property, the Stingray web site 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 deal with large-scale knowledge middle growth to satisfy growing demand for HPC internet hosting and digital asset mining.
