Cipher Mining Acquires New 300 MW Data Center Site In West Texas For $67.5M And Variable Fee Of $3/MWh
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining has acquired a new 300 MW data center site in West Texas for $67.5 million, with an additional variable fee of $3 per MWh. This expansion is part of Cipher Mining's growth strategy in the cryptocurrency mining sector.
August 27, 2024 | 8:11 pm
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Cipher Mining's acquisition of a 300 MW data center site in West Texas for $67.5 million, with a $3/MWh variable fee, is a strategic expansion in the cryptocurrency mining industry.
The acquisition of a large data center site indicates Cipher Mining's commitment to expanding its operations, which could lead to increased revenue and market share in the cryptocurrency mining sector. This is likely to positively impact CIFR's stock price in the short term.
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