bit.fanBit.FanWeb3 News · Betting Reviews · Market Insights

Cipher Mining

Cipher Mining
2026-09-22 09:31:26

Cipher Mining discloses up to 300 MW of ERCOT power capacity and a 15-year hyperscale lease

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.

660
Cipher Mining discloses up to 300 MW of ERCOT power capacity and a 15-year hyperscale lease
Alphabet
2026-07-26 22:23:06

Alphabet secures 2.4 GW in lease capacity, deepening ties with miners shifting to AI

Alphabet has secured lease agreements covering about 2.4 gigawatts of capacity across 10 projects as it works with operators such as Cipher Mining that are moving from Bitcoin mining into AI infrastructure. The company is using those partnerships to source power for AI data centers, according to Techub, citing CryptoBriefing. The report also says Alphabet had previously provided a $1.4 billion guarantee for a 10-year, $3 billion AI hosting lease between Fluidstack and Cipher Mining. In connection with that arrangement, Alphabet obtained roughly a 5.4% equity stake in Cipher Mining. Separately, Alphabet is also planning to acquire clean energy developer Intersect Power in a deal valued at $4.75 billion. The developments point to a broader push by the company to secure power capacity and related infrastructure as demand tied to AI computing expands.

1700
Alphabet secures 2.4 GW in lease capacity, deepening ties with miners shifting to AI
Canaan
2026-07-04 04:00:14

Canaan Buys Cipher’s Stake in Texas Mining Projects to Expand Low-Cost Power and AI Infrastructure

Canaan (CAN) has acquired Cipher Mining Technologies Inc.’s 49% stake in three fully operational West Texas mining projects in a stock-based transaction valued at about $39.75 million. The deal includes interests in Alborz LLC, Bear LLC, and Chief Mountain LLC, which together provide 120 MW of power capacity and 4.4 EH/s of Bitcoin mining hashrate. It also includes 6,840 Avalon A15Pro-AVG-221T miners originally sold by Canaan to Cipher in mid-2025 and deployed at the Black Pearl site, a location now being converted into an AI and high-performance computing data center. The projects benefit from contracted power below 3 cents per kWh within ERCOT, with the Alborz site also integrating off-grid wind energy. Canaan says the acquisition strengthens its control over power infrastructure, supports a shift toward upstream energy exposure, and advances a broader strategy that combines Bitcoin mining with AI/HPC colocation. WindHQ LLC retains a 51% stake in the projects, providing local expertise in wind energy, data centers, and power infrastructure. Management framed the move as a disciplined North American expansion and a step toward scalable, capital-efficient growth in 2026 through partnerships and project-level financing.

880
Canaan Buys Cipher’s Stake in Texas Mining Projects to Expand Low-Cost Power and AI Infrastructure
Morgan Stanle
2026-07-02 22:00:14

Morgan Stanley Initiates Coverage on Bitcoin Miners: Cipher and TeraWulf Overweight, Marathon Underweight

Morgan Stanley initiated coverage on three publicly traded bitcoin miners on Monday, assigning Overweight ratings to Cipher Mining (CIFR) and TeraWulf (WULF) while giving Marathon Digital (MARA) an Underweight rating. Analyst Stephen Byrd argues that certain miners are better valued as infrastructure plays rather than pure crypto bets, comparing their data center leases to REITs. Cipher is seen as the prime example, TeraWulf also scores with data center leasing experience, while Marathon’s hybrid approach and dependence on bitcoin price earn it a cautious stance. The coverage comes amid a broader debate on whether miners should pivot from proof-of-work to AI and high-performance computing data centers.

1050
Morgan Stanley Initiates Coverage on Bitcoin Miners: Cipher and TeraWulf Overweight, Marathon Underweight
Morgan Stanle
2026-07-02 21:45:14

Morgan Stanley Initiates Coverage on Bitcoin Miners: Overweight on Cipher and TeraWulf, Underweight on Marathon

Morgan Stanley initiated coverage of three publicly traded bitcoin miners on Monday, assigning Overweight ratings to Cipher Mining (CIFR) and TeraWulf (WULF) while giving Marathon Digital (MARA) an Underweight rating. Analyst Stephen Byrd set price targets of $38 for Cipher and $37 for TeraWulf. The thesis focuses on transforming mining sites into data center assets that can generate stable, long-term cash flows like REITs, de-emphasizing pure bitcoin exposure. Cipher and TeraWulf are favored for their data center capabilities and management experience, while Marathon is faulted for its hybrid model, limited hosting history, and heavy reliance on bitcoin prices. The coverage reflects a broader trend of bitcoin miners pivoting from proof-of-work mining to AI and high-performance computing data centers.

760
Morgan Stanley Initiates Coverage on Bitcoin Miners: Overweight on Cipher and TeraWulf, Underweight on Marathon