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Cipher Mining Inc. (NASDAQ: CIFR) announced that it has completed a transaction to acquire a new power plant in West Texas called Stingray for a $4.10 million cash payment and a variable fee of $1.50/MWh for the first five years after the plant is powered on. The 250-acre site has been approved and a facility expansion agreement of up to 100 trillion watts has been signed. Tyler Page, CEO of Cipher, said: "With the addition of this site, we now have a data platform that is scheduled to go live i...

2024-11-27 06:43:12