Cipher Mining Expands with 200MW Power Plant in Ohio for Bitcoin and HPC

Cipher Mining Expands Beyond Texas with a 200MW Power Plant in Ohio

Cipher Mining has made a significant move by acquiring a 200-megawatt site in Ohio, marking its first expansion outside of Texas. This facility aims to cater to both Bitcoin mining and the growing demand for high-performance computing (HPC).

The newly acquired site, named "Ulysses," spans 195 acres and has secured all necessary power allocation agreements with AEP Ohio. The company anticipates that the facility will be operational by the fourth quarter of 2027, providing a strategic advantage in accessing the PJM Interconnection, the largest wholesale electricity market in the United States.

“The Ohio facility enhances Cipher's ability to scale its HPC hosting business,” said Cipher CEO Tyler Page, highlighting the increasing demand from hyperscalers like Amazon Web Services and Google Cloud for large, powerful sites to support cloud and AI infrastructure.

This expansion reflects a broader trend within the Bitcoin mining industry, where operators are diversifying beyond traditional mining to stabilize revenues. Companies like Hut 8 are also investing heavily in energy infrastructure, manufacturing, and data centers to reduce reliance on Bitcoin price fluctuations.

In summary, Cipher Mining's acquisition of the Ohio site represents a strategic shift towards high-performance computing and energy infrastructure, aligning with industry trends aimed at mitigating the impacts of fluctuating Bitcoin prices.

Key Insights

• Cipher Mining has acquired a 200MW site in Ohio, its first outside Texas.
• The facility is expected to be operational by Q4 2027.
• It will support both Bitcoin mining and high-performance computing workloads.
• The move aligns with increasing demand from major cloud service providers.

Source: Bitget

Sources:

• Cipher Mining expandiert über Texas hinaus mit einer 200MW-Stromanlage in Ohio