Peak Mining, a subsidiary of the German bitcoin mining and infrastructure company Northern Data, has made a significant announcement regarding the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. This new site is located adjacent to another location that the company acquired in December 2023.
Peak Mining, a division of Northern Data, has recently acquired a new site in Texas that has been approved by ERCOT and boasts a capacity of 300 megawatts (MW). The company confirmed on Friday that construction is already underway and expects the site to be fully operational by early 2025.
The announcement emphasizes the deployment of state-of-the-art, indoor, custom-designed, fully-integrated, and liquid-cooled HPC data center systems. These systems are expected to significantly expedite the deployment process and reduce infrastructure costs. This acquisition follows the successful purchase of another 300 MW site last December, with both sites conveniently located next to each other.
“The acquisition of this second large site will drastically reduce our hashing time and mark the beginning of one of the fastest mining expansions globally,” said Niek Beudeker, Managing Director of Peak Mining. “With almost 700 MW of sites currently under development, once equipped with our latest-generation hardware, we could potentially achieve a hashrate of up to 40 exahash per second (EH/s).”
Peak Mining has also appointed Saxet Infrastructure Group as the construction manager responsible for designing, building, and energizing the substation. “We are thrilled to support the expansion of the Northern Data Group in the ERCOT market and are particularly excited to welcome them to the Corpus Christi area,” commented the CEO of Saxet. “The combination of high industrial demand and abundant renewable resources presents a unique opportunity for their portfolio.”
This news follows Peak Mining’s recent agreement for 28 MW of mining capacity in Paraguay, which will be powered entirely by renewable energy sources. The Paraguayan facility will be equipped with approximately 2,860 units of Microbt’s M63-series liquid-cooled Whatsminers. Additionally, Peak Mining highlighted that electricity costs at this location will be minimal, with a power rate of less than $0.04 per kilowatt hour (kWh).
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