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 Site for Bitcoin Mining Expansion
According 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 information heart operations, furthering its strategic development in industrial-scale bitcoin (BTC) mining.
The transaction, in response to the press launch, features a $4.1 million money fee and a $1.5 per megawatt-hour variable charge for the preliminary 5 years of the location’s operation. With needed 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 web site will increase Cipher‘s portfolio and pipeline to a combined total of 2.6 gigawatts (GW) across 11 sites. According to Cipher’s CEO Tyler Page, the acquisition aligns with the corporate’s broader plans, complementing different tasks scheduled to launch in 2025 and 2027.
“We are very pleased to add the new 100 MW Stingray data center site to our expanding pipeline. With the addition of this site, we now have a data center scheduled to energize in 2026 that complements our other new data centers scheduled to energize in 2025 and 2027,” Page remarked on Wednesday.
Located adjoining to present transmission belongings, 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 concentrate on large-scale information heart growth to fulfill growing demand for HPC internet hosting and digital asset mining.
