Cipher Mining has announced the acquisition of a new 300-megawatt (MW) data center site in West Texas, a move aimed at significantly scaling up its Bitcoin mining operations in the region. The company has agreed to purchase the site for $67.5 million, with an additional variable fee of $3 per megawatt-hour (MWh) for the first five years after the site is energized.

The 250-acre property includes a newly constructed high-to-mid voltage substation, which is fully energized and ready to support the facility’s operations.

With this addition, Cipher’s data center portfolio now exceeds 2.5 gigawatts (GW) across 10 locations, further cementing its position as one of the leading builders and operators of large-scale data centers globally.

This expansion aligns with Cipher’s strategy to capitalize on opportunities that support both high-performance computing (HPC) infrastructure and Bitcoin mining, making the site versatile for various technology applications.

Bitcoin Versus is not a financial advisor. This media platform reports on financial subjects purely for educational and entertainment purposes only. Do your own due diligence and contact a professional financial advisor for any advice on how to invest your money.