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Cipher Mining Inc (CIFR)
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Cipher Mining Expands Horizon with Strategic Acquisition in Ohio

Last updated: December 23, 2025
Taurigo

December 23, 2025 - Cipher Mining Inc. (NASDAQ: CIFR) has made a significant stride in its quest to expand its high-performance computing (HPC) infrastructure, announcing today the acquisition of a 200-megawatt (MW) site located in Ohio, known as "Ulysses." This strategic move underscores Cipher's commitment to diversifying its operational footprint and enhancing its capacity to serve a growing market.

1. Details of the Acquisition

The Ulysses site encompasses 195 acres of land and comes with secured capacity from AEP Ohio. With all necessary utility agreements in place, Cipher is poised to energize the site by the fourth quarter of 2027. This timely development allows access to the PJM Interconnection, which is the largest wholesale electricity market in the United States. The favorable characteristics of the site, including extensive acreage, a clear energization timeline, multiple fiber pathways, and proximity to a major metropolitan area, make it ideal for high-performance computing operations.

2. CEO Insights

Tyler Page, CEO of Cipher, expressed enthusiasm about the acquisition, stating, “Hyperscalers are driving unprecedented demand for large-scale sites. Leveraging our proven sourcing capabilities, Cipher is continuing to seize the opportunity to shape the future of high-performance computing infrastructure. This new site, in a new power market, gives us additional capacity to continue expanding our HPC hosting business while broadening our geographical footprint.”

This acquisition marks a pivotal moment for Cipher, as it is the company's first venture outside of Texas, demonstrating its capability to identify high-quality opportunities across the nation.

3. Expansion of Development Pipeline

With the addition of the Ulysses site, Cipher's development pipeline now boasts a total of 3.4 gigawatts (GW) across eight sites, reflecting the company's aggressive expansion strategy within the HPC and bitcoin mining sectors. The diversification of Cipher's portfolio is expected to bolster its competitive edge in an increasingly demanding market.

4. About Cipher Mining

Cipher Mining focuses on the development and operation of industrial-scale data centers dedicated to bitcoin mining and HPC hosting. The company is committed to being a market leader in innovation, enhancing data center construction, and serving as a hosting partner for some of the world’s largest HPC companies.

As the demand for high-performance computing continues to rise, Cipher's strategic moves position it well to capitalize on this trend, solidifying its role in the evolving landscape of data center operations.

In conclusion, the acquisition of the Ulysses site not only enhances Cipher Mining's operational capabilities but also reflects its commitment to growth and innovation in the HPC sector. The company remains focused on meeting the demands of hyperscalers and expanding its market presence across the United States.

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