Cipher Digital: Ulysses

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Cipher Digital: Ulysses

Year Planned: 2027

Utility Provider: AEP Ohio

Lot Size: 195 acres

In December 2025, Cipher Mining acquired the Ulysses site, a 195 acre land parcel in Ohio, marking its first major expansion outside of Texas. This project is a cornerstone of the company’s strategic pivot toward High Performance Computing (HPC) and AI infrastructure.

By securing the land and all necessary utility agreements with AEP Ohio, Cipher has de-risked the project's timeline, gaining direct access to the PJM Interconnection—the largest wholesale electricity market in the United States. The site is currently in the development phase and is officially on track to energize in the fourth quarter of 2027.

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Sites within 15 miles of Cipher Digital: Ulysses

Distance	Site	About
10.29 miles	Tower BetaInterested in this information?Contact us	Cryptoasset technology firm Bit Mining's Ohio data center has 40,000 square meters of floor space and can host up to 30,000 Bitcoin mining machines.
15.54 miles	MaxInterested in this information?Contact us	Construction of the first 450,000 square foot (41,800 sq m) building is expected to begin in January 2028 and be completed by December 2034.
19.37 miles	Cologix: Johnstown COL8
19.42 miles	Cologix: Johnstown COL7	Cologix has acquired approximately 154 acres of land in Johnstown, Ohio, to develop a new, AI-ready data center campus.
19.46 miles	Cologix: Johnstown Expansion

Cipher Digital: Ulysses 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

Veolia to Operate 350MW Gas-Fired Microgrid for Ohio Data Center Campus

July 31, 2026 Ohio

French energy and water utility Veolia has been selected to operate and maintain a 350MW microgrid powering an undisclosed AI data center campus in Ohio. The behind-the-meter energy system is designed to supply 100% of the facility’s power needs, combining gas engines, linear generators, and a...

Real Estate Firm Explores Potential Data Center Project in Amherst, Ohio

July 22, 2026 Ohio

Cervenka Development Partners is exploring a potential data center project in Amherst, Ohio. The company has applied for a zoning variance to allow data center use on industrial land parcels along Nordson Drive. The request will be reviewed by the City of Amherst Zoning Board of Appeals on July...

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...

$1.6bn Cleveland Data Center Plan Rejected

May 18, 2026 Ohio

Cleveland, Ohio, has turned down Lakeland Equity Group’s $1.6 billion plan to develop a data center campus. Mayor Justin M. Bibb announced on May 14 that the city had denied the permit for the proposed facility, which was planned for a 35-acre site at 3560 E 55th St. Lakeland described the...

Developers Submit Plans for $1.6 Billion Data Center in Cleveland, Ohio

May 08, 2026 Ohio

Private credit firm Lakeland Equity Group has filed plans for a $1.6 billion data center project in Cleveland, Ohio. The proposal outlines a 150MW campus on a 35-acre site at 3560 E 55th St, currently owned by trucking company Morabito Enterprises. The development could include three two-story...