09:51 AM EDT, 10/15/2024 (MT Newswires) -- Cipher Mining ( CIFR ) said Tuesday it signed option agreements with Juvo Energy to acquire three data center sites in Texas.

Financial terms weren't disclosed.

The three sites are in the final stages of approval for interconnection with 500 megawatts of capacity each, the company added.

Cipher said it may exercise the option in the next 24 months to buy the sites, including a 580-acre of land to be leased or bought.

Shares of the company were up 1.3% in recent Tuesday trading.

Price: 4.38, Change: +0.05, Percent Change: +1.27