Cipher Mining acquires 200 MW Ulysses mining site in Ohio

Nasdaq-listed Cipher Mining (CIFR) has acquired Ulysses, a 200-megawatt mining site in Ohio, GlobeNewswire reported. The property includes 195 acres of land and power supply capacity secured from local utility AEP Ohio. This acquisition gives Cipher Mining a strategic foothold with direct access to PJM Interconnection LLC, the largest wholesale electricity market in the U.S. The company previously issued $1.1 billion in convertible notes as part of its strategy to build data centers and develop its high-performance computing capabilities.