Cipher Mining To Acquire 1.5 GWOff Data Center Sites In West And North Texas; Amount Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining is set to acquire 1.5 GWOff data center sites in Texas, with three sites each having a capacity of 500MW. The sites are suitable for HPC and bitcoin mining.
October 15, 2024 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cipher Mining is acquiring data center sites in Texas with a total capacity of 1.5 GWOff, suitable for HPC and bitcoin mining, which could enhance its operational capabilities.
The acquisition of data center sites with significant capacity is likely to enhance Cipher Mining's operational capabilities, particularly in bitcoin mining, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100