Cipher Acquires 200 MW Power Site in Ohio, Expanding Data Center Operations
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 24 2025- First Expansion: Cipher has announced the acquisition of a 200-megawatt power site in Ohio, known as Ulysses, marking its first expansion outside Texas, which underscores the company's growing focus on high-performance computing and data center development.
- Market Access: The facility will provide direct access to PJM, the largest wholesale electricity market in the U.S., and is expected to be energized in Q4 2027, enhancing the company's competitive position amid increasing scrutiny on energy supply transparency.
- Geographic Diversification: As Texas faces mounting grid congestion, Cipher's expansion strategy aims to diversify geographically, attracting more AI and cloud computing clients and improving business flexibility in emerging markets.
- Strategic Transformation: Although Cipher has not disclosed the purchase price, this acquisition indicates the company's intent to evolve beyond traditional bitcoin mining into a broader digital infrastructure platform to adapt to changing market demands.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
