Bitcoin miner Cipher Mining said in a filing submitted to the U.S. Securities and Exchange Commission on Sept. 21 that it has secured conditional interconnection rights for up to 300 megawatts of power capacity on the Electric Reliability Council of Texas, or ERCOT, grid. The company also disclosed that it has signed a 15-year master lease with a hyperscale customer tied to high-performance computing data center infrastructure, though the filing did not identify the tenant. The disclosure points to Cipher Mining using power assets built around its mining business to expand into AI and high-performance computing infrastructure, with the aim of pursuing longer-term data center contract revenue. Techub cited NewsBTC in its report.
Bitcoin miner Cipher Mining disclosed in a filing submitted to the U.S. Securities and Exchange Commission on Sept. 21 that it has secured conditional interconnection rights for up to 300 megawatts of power capacity on the Electric Reliability Council of Texas (ERCOT) grid.
The filing also said the company signed a 15-year master lease with a hyperscale customer tied to high-performance computing data center infrastructure. The tenant was not identified in the document.
The disclosure shows Cipher Mining is using power assets built around its mining business to expand into AI and high-performance computing infrastructure as it seeks longer-term data center contract revenue.
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