Cipher enters US wholesale power market with Ohio data center acquisition

The site acquisition gives Bitcoin miner Cipher a foothold in the largest US wholesale power market as miners broaden their infrastructure strategies.

Cipher Mining has acquired a 200-megawatt power site in Ohio called “Ulysses,” marking its first expansion outside of Texas and entry into the PJM wholesale electricity market, the largest power market in the United States.

According to Tuesday’s announcement, the 195-acre site has secured power capacity from AEP Ohio, with all required utility agreements in place, and is expected to be energized in the fourth quarter of 2027.

Cipher said the facility is suitable for high-performance computing and data center use in addition to Bitcoin (BTC) mining. Financial terms of the transaction were not disclosed.

Read more