In keeping with Peak Mining, a subsidiary of the German bitcoin mining and infrastructure agency Northern Knowledge, the corporate has introduced the acquisition of a 300-megawatt ERCOT-approved website in Corpus Christi, Texas. The positioning is adjoining to a different location acquired by the agency in December 2023.
Peak Mining Purchases ERCOT-Authorised Texas Web site
Northern Knowledge’s Peak Mining revealed the acquisition of a brand new Texas location that includes a 300-megawatt (MW) ERCOT-approved interconnect. Peak introduced on Friday that development is in progress and the positioning is predicted to be operational by early 2025.
The announcement highlights the deployment of indoor, custom-designed, fully-integrated, and liquid-cooled HPC information heart programs to considerably improve deployment pace and cut back infrastructure prices. This buy follows a 300 MW website acquisition finalized final December, with each websites located subsequent to one another.
“The acquisition of this second massive website will considerably shorten our time to hashing and kick off one of many quickest mining expansions globally,” Peak’s managing director Niek Beudeker said. “We now have nearly 700MW of web sites in lively growth, that when totally fitted with our latest-generation {hardware}, might probably present as much as [40 exahash per second (EH/s) of hashrate].”
Peak famous that Saxet Infrastructure Group will act as the development supervisor for the design, construct, and energization of the substation. “We’re excited to help Northern Knowledge Group’s growth within the ERCOT market and particularly to welcome them to the Corpus Christi space,” the CEO of Saxet commented. “The mixture of base load industrial demand and important renewable assets creates a novel alternative for his or her portfolio.”
The information additionally comes after Peak’s settlement for 28 MW of mining capability in Paraguay, which is able to make the most of 100% renewable power. Round 2,860 models of Microbt‘s M63-series liquid-cooled Whatsminers are set to be put in on the Paraguayan facility. Moreover, Peak talked about that the electrical energy prices might be minimal, with an influence fee of lower than $0.04 per kilowatt hour (kWh).
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