Cipher Digital

Offtaker Data centers AI Data centers ERCOT Interconnection

Develops and operates hyperscale AI and HPC data center campuses in West Texas built around self-acquired ERCOT interconnection positions, formerly branded Cipher Mining.

Cipher buys and develops sites for their grid position first, assembling ERCOT interconnection rights, substations and land at multi-hundred-megawatt scale, then converting them from bitcoin mining into AI data centers. Its sites, including Black Pearl and Barber Lake in West Texas, are marketed as energized capacity available on hyperscaler timelines rather than queue-dependent greenfield. The rebrand from Cipher Mining to Cipher Digital reflects the shift from hashrate to leased compute infrastructure.

Headquarters: New York, NY
Employees: 51–200
Business model: Asset owner
Ownership: Public
Founded: 2020

Sells to

AI companiesHyperscalersCloud providers

Interconnection queue footprint

No queue positions recorded under this name. Expected for software, capital and supply chain companies, which do not hold interconnection requests.

Sources

· Curated research

Written profiles are hand-entered and not independently verified. Queue figures are computed from ISO interconnection data and reflect requested capacity, not built capacity.

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