On September 3, Cipher Mining Inc. rose 5.73% in regular trading, trading at $16.1/share, with turnover of approximately $104 million.

The rally was driven by the company's announcement that it has begun developing lateral pipelines at multiple sites to deliver natural gas capable of supporting up to 2.5 gigawatts of electricity for data centers. The company stated it intends to support a bring-your-own-generation capacity model, allowing data centers to secure their own energy independently from the electrical grid. Cipher Mining Inc. plans to leverage this generation capacity to develop and lease industrial-scale data center space to premier tenants for high-performance computing workloads. The company emphasized that completing the lateral pipelines is a crucial step to ensure new power availability at the sites before year-end.

This development builds on the company's ongoing pivot toward HPC data center services. In its Q2 report, Cipher disclosed that it began delivering data center capacity at its Black Pearl campus two months ahead of schedule under a revised lease agreement with a hyperscale tenant. As of June 30, the company held $831.8 million in cash and cash equivalents, providing financial support for continued expansion.

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