Cipher Mining Announces the Closing of its Acquisition of Barber Lake 300 MW Data Center Site

AI generated summary

Cipher Mining Inc. has successfully acquired the Barber Lake site in West Texas for $67.5 million, marking a significant development for the company. The site boasts 300 MW of front-of-the-meter capacity, a new high-to-mid voltage substation, and all necessary regulatory approvals, providing an ideal setup for hosting a large high-performance computing (HPC) customer or mining bitcoin. Cipher's CEO, Tyler Page, expressed excitement about the acquisition, highlighting the strategic value of the site and the company's proactive capital allocation approach.

With the addition of the Barber Lake site and other recent acquisitions, Cipher's portfolio is set to expand to over 2.5 GW across 10 sites, reinforcing its position as an emerging technology company focused on bitcoin mining data centers. The company aims to strengthen the Bitcoin network's critical infrastructure and position itself as a leader in mining growth and innovation. Cipher encourages those interested in learning more about their operations to visit their website for further information.