Cipher Digital: Odessa

Latest Podcast 2901 Navasota Dr

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Fully operational facility

West Texas

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Texas

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South Central US

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United States

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Cipher Digital: Odessa

Year Built: 2023

Total Power

Cipher mining's Odessa data center (the Odessa Facility), which is its wholly owned 207 megawatts (MW) facility is located in Odessa, Texas. The Odessa Facility is capable of producing approximately 7.2 Exahash per Second (“EH/s”).

Map and Nearby Locations

2901 Navasota Dr

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Cipher Digital: Odessa Power Growth Over Time

+0% since 2022

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Sites within 15 miles of Cipher Digital: Odessa

Distance	Site	About
1.07 miles	Texas Critical: Odessa, Texas	Texas Critical Data Centers (TCDC) is New Era Energy & Digital's flagship behind-the-meter AI/HPC data center campus on 438 acres in Ector County, near Odessa in the Permian Basin. Originally a 50/50 joint venture with Sharon AI, the project is now wholly owned by New Era Energy & Digital (Nasdaq: NUAI). It is being developed as a multi-phase, natural gas-powered hyperscale campus with partners Stream Data Centers and Primary Digital Infrastructure.
1.10 miles	Texas Critical: Odessa 2	This facility is part of Texas Critical Data Centers' (TCDC) Odessa Campus in West Texas.
1.12 miles	Texas Critical: Odessa 3	This facility is part of Texas Critical Data Centers' (TCDC) Odessa Campus in West Texas.
1.15 miles	Texas Critical: Odessa 4	This facility is part of Texas Critical Data Centers' (TCDC) Odessa Campus in West Texas.
1.17 miles	Texas Critical: Odessa 5	This facility is part of Texas Critical Data Centers' (TCDC) Odessa Campus in West Texas.
1.20 miles	Texas Critical: Odessa 6	This facility is part of Texas Critical Data Centers' (TCDC) Odessa Campus in West Texas.
1.23 miles	Texas Critical: Odessa 7	This facility is part of Texas Critical Data Centers' (TCDC) Odessa Campus in West Texas.
1.25 miles	Texas Critical: Odessa 8	This facility is part of Texas Critical Data Centers' (TCDC) Odessa Campus in West Texas.
1.29 miles	Texas Critical: Odessa 9	This facility is part of Texas Critical Data Centers' (TCDC) Odessa Campus in West Texas.
6.43 miles	Skybox HODL Ranch	Skybox HODL Ranch is a 174 acre data center campus located in West Texas near Midland.
8.85 miles	BBT Midland 1
12.19 miles	North PlazaInterested in this information?Contact us	The data center has one building installed with high-efficiency switchgear and Dry Type environment-friendly transformers located in Ward County, Texas.

Cipher Digital: Odessa Data Center Photos See all

Operating Company

Overview

Cipher Digital (NASDAQ: CIFR), formerly Cipher Mining, is a New York-based developer and operator of large-scale data center campuses in Texas. CEO Tyler Page leads the company. Cipher's footprint spans operational mining facilities (Odessa, Alborz, Bear, Chief) and a deep pipeline of HPC/AI campuses in West Texas including Black Pearl, Barber Lake, Stingray, Reveille, Mikeska, McLennan, Milsing, Ulysses, and the Colchis development.

Strategic pivot to HPC/AI (2026)

On the Q1 2026 earnings call (May 5, 2026), Cipher formally rebranded from Cipher Mining to Cipher Digital, reflecting a strategic shift to hyperscale HPC/AI hosting as the company's forward business. Bitcoin mining at Black Pearl is being wound down to redirect power and land to AI tenants.

Contracted backlog now totals approximately $9.3 billion, anchored by three hyperscale leases:

AWS. 15-year lease for 300 MW of HPC capacity.
Fluidstack / Google-backed. 10-year lease for 300 MW, with the Barber Lake facility expected to commence operations in September 2026.
Third hyperscaler. An additional hyperscale campus lease signed during Q1 2026.

Q1 2026 financials

Bitcoin mining revenue: $34.8 million (down from approximately $60 million in Q4 2025) as mining at Black Pearl is wound down.
Net loss: $114 million.
Funding: Closed a $2 billion high-yield bond for the Black Pearl HPC buildout and a $200 million revolving credit facility.

Capex direction

New capital is flowing fully to HPC/AI buildout. Existing mining capacity is treated as legacy that gets converted to hyperscale colocation as power and infrastructure are redirected to AWS, Fluidstack, and the third hyperscale tenant.

Facilities

News See all

Cipher Seeks $810 Million in Senior Secured Notes for West Texas Data Center

June 09, 2026 Cipher Digital

Cryptominer-turned-HPC developer Cipher Digital is planning to raise $810 million through senior secured notes due in 2031. Most of the proceeds will fund the remaining costs of its 100MW Stingray data center project in West Texas, with about $63.6 million earmarked to reimburse prior equity...

Bolt Data Partners with TPL to Develop data Center Campuses Across West Texas

December 18, 2025 West Texas

Texas Pacific Land Corporation (TPL) has partnered with Bolt Data & Energy to develop data center campuses across TPL-owned land. As part of the deal, Bolt raised $150 million in capital, including $50m from TPL. In return, TPL will receive equity interest, warrants, and a right of first...