Cipher Mining invests to acquire a 200 MW power plant in Ohio, steering its data center business onto a new track.

2025-12-23 14:00:09

【Coin World】Cipher Mining has made new moves in its infrastructure layout. Recently, they acquired a 200-megawatt power plant in Ohio, officially expanding their business territory from Texas to the Midwest. The goal behind this is clear - to target the PJM wholesale electricity market and pave the way for high-performance computing and data center operations.

In simple terms, this is preparing for the next phase of computing power demand. According to the plan, this facility will not officially go into operation until the end of 2027. Although the timeline is a bit far off, it is enough to show the company's emphasis on the energy supply chain. As the demand for crypto computing continues to grow, a stable and low-cost power supply has become a key competitive factor. This layout on the energy side is essentially establishing long-term competitive barriers.

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YieldWhisperer

· 2025-12-26 10:49

wait, 2027? so we're betting on btc staying relevant for another 3 years just to break even on capex... the math here doesn't check out tbh

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OldLeekConfession

· 2025-12-26 10:41

Launching in 2027? It should have been done a long time ago. Energy is the lifeline of the mining industry. However, I have to admit, this move is quite aggressive, really treating electricity as a moat. Electricity in Ohio is cheap, but I'm just worried about another wave of policies. By the way, who still remembers the story of those mining farms in Texas...

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ChainSauceMaster

· 2025-12-23 14:30

200 megawatts, now we really have to compete for energy, whoever is cheaper will use it Ohio's move is good, the electricity price in the PJM market is indeed attractive It won't be online until 2027, how rich must they be... Competing for Computing Power is competing for electricity prices, whoever controls energy wins By the way, is Texas getting nervous? Those who bought electricity early are indeed the winners, while we are still mining, they have already built power plants This is the era where infrastructure is king

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SerNgmi

· 2025-12-23 14:18

Another big miner is hoarding electricity, really, it won’t go live until 2027. These people do have a long-term vision.

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WhaleMinion

· 2025-12-23 14:15

A 200 MW power plant, this guy is really playing a long game, it won't go online until 2027, we'll have to wait for a long time. Can we use it in 2027? This pace is a bit slow, but then again, energy is hard currency. Positioning in the electricity market is a brilliant move, whoever controls cheap electricity has already won half the battle. I just want to know how much cheaper the electricity price in Ohio is compared to Texas, that's the real competitive edge. The computing power arms race has to start with electricity, it's quite interesting.

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WalletDetective

· 2025-12-23 14:02

I realized long ago that energy is the true moat of this game. It's not scheduled to go live until 2027, this game is quite significant... only those who can hold on until then will be the winners. That's why retail investors can only play with coins, while big institutions are hoarding power plants; the gap is too wide. The energy positioning battle has just begun, and it will be very interesting moving forward. The energy in Ohio is indeed cheap, but is 200 megawatts enough? It feels far from sufficient.

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