Cipher Mining Announces The Acquisition Of A 200MW Site In Ohio, Called "Ulysses", No Financial Terms Disclosed; Site Is Well-Suited For HPC Applications And Expected To Energize In 2027

Site acquisition includes 195 acres of land in Ohio and all necessary interconnection approvals to participate in the PJM market

Site is well-suited for HPC applications and expected to energize in 2027

NEW YORK, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company") today announced the acquisition of a 200-megawatt ("MW") site in Ohio, called "Ulysses."

The transaction includes 195 acres of land and secured capacity from AEP Ohio. All utility agreements required to support the development of the site are in place, and the site is on track to energize in the fourth quarter of 2027. When energized, the site will give Cipher direct access to PJM, the nation's largest wholesale electricity market. The site is well-suited for HPC given its acreage, energization timeline, availability of diverse fiber paths, and proximity to a major metropolitan area.