Texas Bitcoin Boom: Cipher Mining Secures Second 300 MW Site
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 29 2024Cipher Mining Expansion: Cipher Mining is acquiring a new 300-megawatt data center site in West Texas for $67.5 million, which will support Bitcoin mining and high-performance computing, alongside a variable fee structure for the first five years.
Strategic Developments: This acquisition follows Cipher's earlier purchase of another 300 MW site, Black Pearl, and includes plans to upgrade equipment at its Odessa Facility, enhancing operational efficiency and solidifying its presence in Texas's energy market.
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.
