Mentioned:
Cipher Digital is getting serious about natural gas pipelines. But, why?
What’s happening:
- Cipher Digital (NASDAQ: CIFR) has begun development of natural gas lateral pipelines at multiple Texas sites to support up to to 2.5 gigawatts of on-site power generation
Why it matters:
- This is the first time ever that Cipher Digital has begun developing their own energy infrastructure rather than waiting on ERCOT grid connections for new capacity
Going deeper:
- Cipher Digital has publicly stated that they expect their natural gas pipelines to be able to connect their sites to nearby gas supply and bring power online within 16 months
- Fluidstack AI and Cipher Digital previously made major waves on Wall Street when they struck a 168 megawatt co-location deal for hosting capacity at Cipher Digital’s Barber Lake data centre in Texas, which was backstopped by Google (NASDAQ: GOOG)
The fine print:
- Cipher Digital has not yet publicly disclosed a gas supply agreement or power generation partner for their new natural gas lateral pipelines
