Cipher Mining, a company specializing in cryptocurrency mining and high-performance computing (HPC) data centers, operates a joint venture site named Bear in the vicinity of Andrews. This site is a collaborative effort with WindHQ.
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The Chief Mining, a joint venture between Cipher Mining and WindHQ, is located near Andrews, Texas.
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Canaan Inc. is a vertically integrated crypto mining company. Founded in 2013, Canaan is best known as a manufacturer of Avalon-branded bitcoin mining hardware (ASICs) and has expanded into operating its own bitcoin mining data centers. In February 2026, Canaan acquired Cipher's 49% stake in the Alborz, Bear, and Chief joint-venture mining sites in West Texas, along with select bitcoin mining equipment from Cipher's Black Pearl facility, in an approximately $40 million all-stock transaction.
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