Cipher: Riesel, Texas Data Center

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.

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.

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.