Cipher Mining is making significant strides in its expansion efforts by acquiring a substantial power site in Ohio, marking its first venture outside of Texas. According to the official information, this strategic move not only enhances its operational capacity but also positions the company within the competitive PJM wholesale electricity market.
New Acquisition: Ulysses Site
The newly acquired 200-meгawatt site, named Ulysses, spans 195 acres and has secured power capacity from AEP Ohio. It is anticipated to be energized by the fourth quarter of 2027, paving the way for enhanced operations.
Facility Capabilities
This facility is designed to support high-performance computing and data center applications in addition to Bitcoin mining. The acquisition aligns with the increasing demand from large cloud computing companies for robust data center solutions, positioning Cipher Mining to capitalize on emerging market opportunities.
In a notable development within the electric vehicle sector, Rozetki SPb has patented a unique charging station that integrates EV charging with cryptocurrency mining. This innovation contrasts with Cipher Mining's recent expansion efforts in Ohio. For more details, see more.
