BTC Mining Farm Cipheracquisition in a 100-megawatt location in Texas

BTC mining enterprise Cipher Mining announced on Tuesday the acquisition of a new Mining Farm called Stingray in western Texas, which has a power generation capacity of up to 100 megawatts (MW). Cipher completed this transaction with a cash payment of $4.1 million and a floating cost of $1.50 per megawatt-hour for the first five years after the operation of the Mining Farm. The site includes a capacity of up to 100 megawatts, regulatory approval, 250 acres of land adjacent to transmission assets, and a facility expansion protocol reached with Oncor, the largest transmission and distribution company in Texas. Tyler Page, CEO of Cipher, said, ‘With the addition of this site, we now have a data center planned for operation in 2026, which will complement our other new data centers planned for operation in 2025 and 2027.’