Cipher Mining Diversifies Beyond Texas With 200MW “Ulysses” Site Acquisition in Ohio

1 week ago 3

Maham Fatima

Mon, January 12, 2026 astatine 9:11 AM CST 2 min read

Cipher Mining Inc. (NASDAQ:CIFR) is 1 of the promising stocks to bargain nether $50. On December 23, Cipher Mining announced the acquisition of a caller 200-megawatt/MW tract successful Ohio, named Ulysses. This acquisition represents a important milestone for the company, arsenic this is its archetypal tract located extracurricular of Texas. The determination highlights Cipher’s strategy to diversify its geographical footprint and root high-quality infrastructure opportunities crossed the US.

The Ulysses tract encompasses 195 acres of onshore and includes secured powerfulness capableness from AEP Ohio. All indispensable inferior agreements and interconnection approvals are already successful place, allowing the installation to enactment successful the PJM market, which is the largest wholesale energy marketplace successful the country. The task is presently connected way to beryllium energized successful Q4 2027.

Cipher Mining Diversifies Beyond Texas With 200MW "Ulysses" Site Acquisition successful Ohio

Cipher Mining Inc. (NASDAQ:CIFR) identified the determination arsenic being uniquely suited for HPC applications. The site’s expansive acreage, combined with the availability of divers fibre paths and its proximity to a large metropolitan area, drives its suitability. With the summation of the Ulysses project, Cipher Mining’s full improvement pipeline has grown to 3.4 gigawatts/GW crossed 8 antithetic sites.

Cipher Mining Inc. (NASDAQ:CIFR), unneurotic with its subsidiaries, develops and operates industrial-scale information centers successful the US.

While we admit the imaginable of CIFR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.