Cipher Digital begins developing lateral pipelines to power new data centers
The infrastructure connects sites to natural gas supplies, enabling up to 2.5 gigawatts of on-site generation by late 2027 for high-performance computing.
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Developer and operator of industrial-scale data centers
cipherdigital.comLast updated
In short: Cipher Digital advanced plans to bypass the power grid with new pipelines and committed to Texas's transparency standards for data centers.
The infrastructure connects sites to natural gas supplies, enabling up to 2.5 gigawatts of on-site generation by late 2027 for high-performance computing.
The company also acquired an option for a 900 MW site near San Antonio, completed bond financing for Stingray, and reported Q2 revenue of $25 million.
Stingray Compute LLC to issue notes due 2031; proceeds to finance Stingray data center and reimburse equity contributions.
Cipher signed third AI data center campus lease, secured $200 million revolving credit facility, and reported Q1 revenue of $35 million with negative adjusted EBITDA of $48 million.
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Developing Lateral Pipelines Capable of Delivering Natural Gas Sufficient to Support Up to 2.5 GW of New Generation Across Multiple Sites. New Generation Expected to...
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