A Bitcoin miner is constructing a 300 MW data centre in Texas, according to Compute North.
The bitcoin mining operation Compute North has made an announcement it is in the midst of constructing a 300-megawatt (MW) data center in Granbury, Texas. The data centre at Wolf Hollow Power Plant, according to the mining company, will be scalable to 600 MW in the future.
To begin, 300 MW of capacity will be available, with the capacity increasing to 600 MW in the future.
On the 8th of April, the blockchain infrastructure and hosting services provider Compute North a new 300-MW bitcoin mining facility in Texas has been announced. The TIER 0 data centre will be near Wolf Hollow Power Plant, and the business plans to build it up to 600 MW in the future. Compute North will also provide grid-balancing services to the Texas Energy Reliability Council (ERCOT).
The Eden Prairie, Minnesota-based Compute North recently raised $385 million to expand its operations. Mercuria, an energy and commodity corporation, and Generate Capital, a sustainable energy investment firm, led the Series C private equity investment. Compute North's Series C financing round included National Grid Partners as well. The company's TIER 0 data centre, according to the corporation, gives "the ability to respond fast during times of peak demand that stress the grid."
The new Compute North data centre also plans to hire "30 specialised positions for the facility." Chris Coffman, the city manager in Granbury, is optimistic that the mining firm will bring jobs to the area. "Granbury is thrilled to have a new business in the area. Compute North will not only bring quality jobs to our city, but they will also offer an engaged business partner by supporting existing non-profits and becoming a part of the community," Coffman said in a statement released on Friday.
Wolf Hollow Plant Co-Location Will Provide a 'Unique Behind-the-Meter Approach,' according to Compute North.
The data centre will release less carbon than other facilities of its size that are directly connected to the grid, according to Compute North. The release on Friday stresses how "Compute North's modular containers will be co-located within the Wolf Hollow factory through a unique behind-the-meter strategy, taking the load directly to the source." Compute North's CEO and co-founder, Dave Perrill, expressed his delight with the progress of development.
"We're building the next generation of data centres to address the extraordinary needs of next-generation technology at a time when the demand for energy efficiency and grid stability has never been stronger," Perrill said at the press conference. "We're committed to continuing to innovate in order to enable prompt demand response solutions, and we collaborate closely with our energy partners to support local energy dynamics."