Cipher Mining Announces Acquisition of 200 MW Site in Ohio

Core Insights - Cipher Mining Inc. has acquired a 200-megawatt site in Ohio, named "Ulysses," which includes 195 acres of land and necessary interconnection approvals to participate in the PJM market [1][2] - The site is expected to energize in the fourth quarter of 2027 and is well-suited for high-performance computing (HPC) applications due to its acreage, energization timeline, and proximity to a major metropolitan area [1][2] - This acquisition marks Cipher's first expansion outside of Texas, indicating the company's ability to source high-quality opportunities nationwide and its commitment to diversifying its development pipeline [2] Development Pipeline - With the addition of the Ulysses site, Cipher's development pipeline now totals 3.4 gigawatts (GW) across 8 sites [3] Company Overview - Cipher focuses on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting, aiming to be a market leader in innovation within these sectors [4]