NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ: CIFR) today announced it has closed a transaction to acquire a new site in West Texas called Stingray for a cash payment of $4.1 million and a variable fee of $1.5/MWh for the initial five years after the energization of the site.
The site features up to 100 MW of front-of-the-meter capacity and all necessary regulatory approvals, 250 acres of land adjacent to the transmission assets, and a completed facility extension agreement with ONCOR.
“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,” said Tyler Page, Cipher’s CEO.
With the addition of this new site, Cipher’s active portfolio and development pipeline will total 2.6 GW across 11 sites.
About Cipher
Cipher is focused on the development and operation of industrial-scale data centers for HPC hosting and bitcoin mining. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.
