Ohio | Crypto

The site acquisition gives Bitcoin miner Cipher a foothold in the largest US wholesale power market as miners broaden their infrastructure strategies. Cipher Mining has acquired a 200-megawatt power site in Ohio called “Ulysses,” marking its first expansion outside of Texas and entry into the PJM wholesale electricity market, the largest power market in the United States. According to Tuesday’s announcement, the 195-acre site has secured power capacity from AEP Ohio, with all required utility agreements in place, and is expected to be energized in the fourth quarter of 2027. Cipher said the facility is suitable for high-performance computing and data center use in addition to Bitcoin (BTC) mining. Financial terms of the transaction were not disclosed. Read more

The incident at the Massillon, Ohio, facility followed the company's Q3 earnings report on Monday, showing a net loss of over $266 million. Bitcoin mining company Bitdeer confirmed that a fire broke out at its facility in Massillon, Ohio, on Tuesday, with no reported casualties. The fire affected two of 26 buildings under construction at the Massillon site, which does not have any mining rigs installed, according to an announcement on Wednesday. Bitdeer said it “does not expect” the incident to impact the company’s operational hashrate, a measure of the total computing power commanded by its mining operations. Read more

Ohio Secretary of State Frank LaRose applauded the progress, while continuing to support the creation of an Ohio Strategic Cryptocurrency Reserve. Ohio has become the latest US state to move toward allowing cryptocurrency payments for government services after the State Board of Deposit unanimously approved its first vendor to process digital asset transactions, according to a Wednesday announcement from the Ohio secretary of state. The move makes Ohio the fourth state to authorize cryptocurrencies for fees, following Colorado and Utah. Louisiana also passed a law earlier this year to adopt similar measures. This development marks the board’s approval of the first vendor contract for crypto payments, building on the proposal designating cryptocurrencies as an authorized financial transaction device, which was passed unanimously by the board in May 2025. Read more