Cipher: Riesel, Texas

Latest Podcast Rattlesnake Rd

PlannedProspective Expansion

Future facility in planning stagefacility with prospective expansion planned

Texas

State
South Central US

Region
United States

Country
North America

Region
Americas

Region

Cipher: Riesel, Texas

Short Code: McLennan Campus

Site planned for 2028 and has expansions through 2030

Lot Size: 300 acres

Cipher Digital’s proposed campus, code-named "McLennan," marks a strategic pivot for the developer from cryptocurrency mining to high-performance computing (HPC) and AI infrastructure.

Strategically situated on a 300-acre site just north of downtown Riesel and directly adjacent to the Sandy Creek Generating Station, the hyperscale-ready development aims to leverage direct proximity to major high-voltage transmission lines for an anticipated 2028 energization. To mitigate local environmental and community impact concerns regarding resources, the project intends to bypass the municipal water supply entirely, opting instead to utilize recycled and treated wastewater infrastructure already serving the neighboring power plant.

Map and Nearby Locations

Rattlesnake Rd

Cipher Digital Sites

Nearby Facilities

Cipher: Riesel, Texas Power Growth Over Time

Unlock full market data

Operational

Construction

Planned

Prospective

In Doubt

Withdrawn

Currently Operational

across sites

Under Construction

sites currently building

Planned / Prospective

sites announced, but haven't started construction

Sites within 15 miles of Cipher: Riesel, Texas

Distance	Site	About
11.68 miles	Cipher Digital: McLennan	Cipher Mining intends to establish cryptocurrency mining operations on a 293-acre property outside Waco, Texas.
11.83 miles	DataBank Waco ACT1
12.28 miles	Lumen Waco 1
18.19 miles	Infrakey: Waco Data Center Park	The Waco Data Center Park is a landmark $10 billion digital infrastructure project located on 520 acres in McLennan County, Texas.

Cipher: Riesel, Texas 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

Stream Proposes 867-Acre Data Center Campus in Graham, Texas

July 18, 2026 Texas

Headwaters Site Development, an affiliate of Stream Data Centers, is planning a data center campus called Project Saltworks on an approximately 890-acre site in Graham, Texas. The proposed development would include 15 data center buildings on land south of Lake Graham, near FM 61 and FM 209....

BlackRock GIP and ACS Name Data Center JV Coravel, Secure First Texas Customer

July 16, 2026 Texas

BlackRock’s Global Infrastructure Partners (GIP) and ACS have launched Coravel, a data center platform targeting hyperscalers. Coravel has a 1.7GW development pipeline across the US, Europe, and Australia, with 150MW under construction. The company has also signed its first hyperscaler customer...

QTS To Develop 11 Data Centers At Lancium Campus In Hall County, Texas

July 15, 2026 Texas

QTS is set to develop data centers at Lancium’s Clean Campus in Hall County, Texas. The companies plan to invest $10 billion to build up to 11 data center buildings across 465 acres near Turkey, Texas. The site is supported by a 1GW grid connection. “We are excited about the potential to expand...

Mara Acquires 1,200-Acre Texas Site for 2GW Data Center Campus

July 13, 2026 Texas

Cryptocurrency and AI data center developer Mara has agreed to acquire a powered land site in Matagorda County, Texas, from e-fuels company HIF USA. Located about 90 miles (144km) from Houston, the site covers more than 1,200 acres and is expected to provide up to 1GW of power capacity by October...

HyperDataGrid Eyes New Data Center Development Outside Lufkin, Texas

July 10, 2026 Texas

HyperDataGrid is planning a new data center outside Lufkin, Texas, at the former Northern Chip Mill site on Highway 103 West. The proposed facility would be developed on the 40-acre former timber processing site located along Ben Dunn Road. Angelina County Judge Keith Wright said HyperDataGrid...