Cipher Mining Announces Acquisition Of New Site In West Texas Called Stingray For A Cash Payment Of $4.1M And A Variable Fee Of $1.5/MWh For The Initial 5-Years After The Energization Of The Site, Adding 100 MW Of Capacity To Its Growing Portfolio Of Power And Data Center Development Opportunities
The 250-acre site includes approvals and a signed facility extension agreement for up to 100 MW
Anticipated availability of power consumption in the first half of 2026
NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced it has closed a transaction to acquire a new site in West Texas called Stingray for a cash payment of $4.1 million and a variable fee of $1.5/MWh for the initial five years after the energization of the site.
The site features up to 100 MW of front-of-the-meter capacity and all necessary regulatory approvals, 250 acres of land adjacent to the transmission assets, and a completed facility extension agreement with ONCOR.
