Cipher Mining Announces Acquisition of New Site in West Texas, Adding 100 MW of Capacity to its Growing Portfolio of Power and Data Center Development Opportunities
Cipher Mining Inc. (CIFR)
Company Research
Source: GlobeNewswire
The 250-acre site includes approvals and a signed facility extension agreement for up to 100 MW Anticipated availability of power consumption in the first half of 2026 NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced it has closed a transaction to acquire a new site in West Texas called Stingray for a cash payment of $4.1 million and a variable fee of $1.5/MWh for the initial five years after the energization of the site. The site features up to 100 MW of front-of-the-meter capacity and all necessary regulatory approvals, 250 acres of land adjacent to the transmission assets, and a completed facility extension agreement with ONCOR. “We are very pleased to add the new 100 MW Stingray data center site to our expanding pipeline. With the addition of this site, we now have a data center scheduled to energize in 2026 that complements our other new data centers scheduled to energize in 2025 and 2027,” said Tyler
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CIFR
News
- Cipher Mining Inc. (NASDAQ: CIFR) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $8.00 price target on the stock.MarketBeat
- Cipher Mining Inc. (NASDAQ: CIFR) had its price target raised by analysts at Northland Securities from $6.00 to $8.50. They now have an "outperform" rating on the stock.MarketBeat
- Cipher Mining Announces November 2024 Operational UpdateGlobeNewswire
- Cipher Mining (CIFR): Strategic Expansion and 13.5 EH/s Capacity in Blockchain Infrastructure [Yahoo! Finance]Yahoo! Finance
- Cipher Mining Inc. (NASDAQ: CIFR) had its price target raised by analysts at BTIG Research from $6.00 to $9.00. They now have a "buy" rating on the stock.MarketBeat
CIFR
Earnings
- 10/31/24 - Beat
CIFR
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- CIFR's page on the SEC website