Cipher enters US wholesale power market with Ohio data center acquisition
Cipher Mining acquired a 200MW power site in Ohio, entering the PJM wholesale power market and expanding into high-performance computing hosting.Summary
Cipher Mining has acquired a 195-acre, 200-megawatt power site named “Ulysses” in Ohio, marking its first expansion outside of Texas and its entry into the PJM wholesale electricity market. The site has secured power capacity from AEP Ohio and is expected to be energized in Q4 2027. Cipher stated the facility is suitable for high-performance computing (HPC) and data center use, aiming to meet growing demand from hyperscalers like Amazon Web Services and Google Cloud. This move aligns with a broader trend among publicly listed Bitcoin miners diversifying into power, data center, and manufacturing infrastructure. This diversification comes as Bitcoin mining hash price remains low, pressuring miner margins, leading some companies to pursue AI/HPC hosting or renewable energy integration to stabilize profitability.
(Source：Cointelegraph)