The Buildout Registry · Texas

Stingray

Cipher Digital (formerly Cipher Mining) · Andrews, Andrews County, Texas

Verified by Neocloud GroupChecked against 6 sources, including primary filings and releases
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70 MW
Critical IT planned
0 MW
Energized today
2026-Q4
First power
ERCOT
Grid region · location approximate
In brief

What makes it notable.

  1. A purpose-built greenfield campus in West Texas with conditional ERCOT approval for up to 100 MW and substation energization targeted for the fourth quarter of 2026.
  2. Development cost is roughly $10.5M per IT MW. As of September 30, 2026, earthwork and grading were on schedule, underground electrical had begun, and foundations and steel erection were underway.
  3. Planned critical capacity is 70 MW within the 100 MW approval, with the campus built to a cost near $10.5M per IT MW and full buildout targeted for May 2027.
Deal anatomy

Six layers, and who holds each.

Every Registry site is read the same way: a campus is real when each layer has a name. Members see the anchor tenant and the capital.

Power
ERCOT
Site and build
Cipher Digital (self-build)
Compute
Undisclosed (AWS deployment)
Cloud operator
AWS
Anchor tenant
Members
Capital
Members
Free for professionals in AI infrastructure.
Timeline

From here to full build.

  1. Oct 2026Today
  2. 2026-Q4First powersubstation energization target
  3. 2027-05Full buildout
The detail

Each party's role.

Power

ERCOT. Conditional ERCOT approval up to 100 MW; Q4 2026 energization

Site and build

Cipher Digital (self-build). Purpose-built greenfield HPC campus at roughly $10.5M development cost per IT MW; as of Sep 30, 2026 earthwork, grading and pad preparation on schedule, underground electrical begun, concrete foundations and steel erection underway

Compute

Undisclosed (AWS deployment). Tenant-supplied; maybe AWS Trainium, not NVIDIA inferred

Cloud operator

AWS. Tenant runs its own cloud and AI platform on the leased capacity; Cipher retains only property-level duties under the triple-net lease

Related sites

Nearby in the buildout.

Sources

The record behind this page.

Neocloud Group

Who keeps this record.

Neocloud Group is the advisory firm AI companies bring in to secure data center capacity. The Registry is part of that work.

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