Colchis Site
Project of Cipher Mining
Where it stands
In October 2025 Cipher bought a 53% interest in Colchis LLC, a joint venture developing a potential 1 GW HPC site in West Texas with about 620 acres of land under option. AEP will build a dual interconnection facility targeting energization in 2028, pending ERCOT approval. The newest filing (August 2026) still calls it a potential 1 GW site, and no passage reports a tenant lease, data center construction or operating capacity.
1,000 MW planned
| Phase | MW | Status | Date | Source |
|---|---|---|---|---|
| Colchis Site (1 GW, AEP dual interconnection) | 1000 | planned | The Colchis Site includes a fully executed direct interconnection agreement with American Electric Power (“AEP”) for a dual interconnection facility targeting energization in 2028 2026-02-23 View cached copy (2026-08-31)Live source ↗ |
Assessed October 18, 2026 from the newest filings, releases and reporting that name this project (newest relied on: August 3, 2026).
Capacity
What has actually been delivered, against what has been promised. Each figure links to the statement it came from.
| Stage | Capacity | As of | Source |
|---|---|---|---|
| Energized power flowing today | -- | ||
| Contracted a customer is on the hook | -- | ||
| Under construction | -- | ||
| Permitted | -- | ||
| Interconnect approved utility has agreed to deliver | -- | ||
| Interconnect requested in a queue, nothing approved | 1,000 MW | 2025-11-02 | 1 GW joint venture with AEP power agreement |
| Announced a press-release figure | 1,000 MW | 2026-08-03 | Colchis 1,000 MW target energization 2028 |
Claims about this project
2025-11-02 - stated
2025-11-03 - stated
2025-11-03 - stated
Colchis interconnection facility energization. Promised by 2028-12-31.
2025-11-03 - stated
Colchis site capacity 1000.0 MW.
2025-11-03 - stated
Colchis joint venture formation 95.0 percent.
2026-02-23 - stated
2026-02-23 - stated
Colchis site capacity 1.0 GW.
2026-02-23 - stated
Colchis energization target. Promised by 2028-12-31.
2026-02-23 - stated
2026-05-04 - stated
2026-08-03 - stated
Colchis 1,000 MW target energization 2028 1000.0 MW.
