Cipher Mining Buys 200 MW Ohio Site to Enter PJM, Targeting 2027 Energization
The purchase advances a pivot toward high-performance computing hosting as hyperscalers seek large, power-dense sites.
Overview
- The newly acquired Ulysses site includes 195 acres in Ohio with secured capacity from AEP Ohio.
- Cipher says all required utility agreements are in place, with energization targeted for the fourth quarter of 2027.
- Once online, the facility would give the company direct access to PJM, the nation’s largest wholesale electricity market.
- The site is planned to support both high-performance computing and Bitcoin mining, with diverse fiber routes and proximity to a major metro area.
- This is Cipher’s first acquisition outside Texas and expands its development pipeline to 3.4 GW across eight sites, with leadership citing demand from cloud hyperscalers.