Cipher

<a href="https://ultramining.com/news/en/cipher-mining-thrives-eyes-increased-market-share/" rel="noopener noreferrer nofollow">Cipher</a> Mining has completed the acquisition of the Barber Lake data center in West <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">Texas</a> for $67.5 million, securing access to 300 MW of power capacity. This strategic move expands the company's total portfolio to over 2.5 GW, spread across 10 sites.
The acquisition includes 250 acres of land, a newly constructed high-voltage substation, and all necessary approvals to participate in the ERCOT market. Cipher Mining funded the deal by selling a portion of its <a href="https://ultramining.com/news/en/rising-mining-difficulty-squeezes-bitcoin-miners-sparks-accumulation-among-whales/" rel="noopener noreferrer nofollow">bitcoin holdings</a>, exchanging digital assets for tangible infrastructure.
According to Cipher Mining CEO Tyler Page, "Facilities with existing infrastructure and immediate availability are extremely rare." The company has already received interest from several major tech firms regarding the new site.
With this acquisition, Cipher Mining strengthens its position in the bitcoin <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a>, expanding its potential for future growth. The company continues to invest in energy capacities, aiming to become a leading player in cryptocurrency mining.

Cipher Mining Acquires Barber Lake Data Center for $67.5M, Expanding Capacity to 2.5 GW

Ultramining_Eng

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