Cipher Mining Inc. has secured option agreements to acquire 1.5 gigawatts (GW) of data center sites in West and North Texas. This strategic move strengthens the company’s presence in large-scale infrastructure, focusing on both high-performance computing (HPC) and Bitcoin mining.

The agreements target three distinct locations, each designed to host a capacity of 500 megawatts (MW), setting Cipher up for massive operational scalability.​

With this acquisition, Cipher is poised to expand its self-mining hashrate, expected to reach approximately 13.5 EH/s by the end of 2024 and potentially 35 EH/s by 2025. This operational growth aligns with the company’s broader objective to lead in both Bitcoin and HPC sectors​.

The company’s developments also include ongoing construction at its Black Pearl site, which is scheduled to deliver an additional 300 MW of capacity by mid-2025. Cipher Mining remains on track to finalize the acquisition of the Reveille data center, further bolstering its infrastructure by another 200 MW​.

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