Fun

Compute North Reveals Bitcoin Miner Is Building a 300 MW Data Center in Texas

News Feed - 2022-04-09 02:04:59

Compute North Reveals Bitcoin Miner Is Building a 300 MW Data Center in Texas


The bitcoin mining operation Compute North has announced it is in the midst of constructing a 300-megawatt (MW) data center in Granbury, Texas. According to the mining firm, the data center located near Wolf Hollow Power Plant will be scalable up to 600 MW going forward. 300 MW of Capacity to Start, 600 MW in the Future


On April 8, the blockchain infrastructure and hosting services provider Compute North announced the launch of a new 300-MW bitcoin mining facility in Texas. The TIER 0 data center will be located near Wolf Hollow Power Plant and eventually, the company aims to scale the facility to 600 MW. Furthermore, Compute North will be providing grid-balancing services to the Energy Reliability Council of Texas (ERCOT).


The Eden Prairie, Minnesota-based Compute North recently secured $385 million in funding to scale the company’s operations. The Series C private equity investment was co-led by the energy and commodity firm Mercuria, and the sustainable energy investment firm Generate Capital. National Grid Partners also participated in Compute North’s Series C financing round. According to the firm, the company’s TIER 0 data center provides “the ability to respond quickly during times of peak demand that stress the grid.”


Additionally, the new Compute North data center aims to hire “30 skilled positions for the facility.” Granbury’s City Manager, Chris Coffman, looks forward to the mining company bringing jobs into the area. “Granbury is excited to have a new employer in the neighborhood. Not only will Compute North bring quality jobs to our area, but they also bring an engaged corporate partner by supporting existing non-profits and being part of the community,” Coffman said in a statement on Friday. Compute North Says Wolf Hollow Plant Co-Location Will Provide a ‘Unique Behind-the-Meter Approach’


According to Compute North, the data center will emit less carbon than most facilities of its size that are directly connected to the grid. “Compute North’s modular containers will be co-located at the Wolf Hollow plant through a unique behind-the-meter approach, bringing the load directly to the source,” the announcement on Friday highlights. Dave Perrill, the CEO and co-founder at Compute North explained the company is excited to see construction moving forward.


“We are developing the next generation of data centers meeting the unprecedented needs of next-generation technology at a time when the demand for energy efficiency and stabilizing the energy grid has never been higher,” Perrill said during the announcement. “We are committed to continued innovation to support timely demand response solutions, and we work closely with our energy partners to support local energy dynamics.” Tags in this story $385 million, 300 MW, 600 MW, Bitcoin, Bitcoin (BTC), Bitcoin mining, BTC Mining, Chris Coffman, compute north, Dave Perrill, Granbury Texas, Granbury’s City Manager, Series C, Texas, Texas Data Center, TIER 0 data center, Wolf Hollow Power Plant


What do you think about Compute North’s 300-MW data center construction with plans to scale up to 600 MW? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Research Shows 19% of Bitcoin"s Hashrate Is Managed by Publicly Listed Companies MINING | 2 days ago Abkhazia Extends Crypto Mining Ban Till End of Year MINING | 3 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBiggest Movers: Near Surges by Over 25% on News of an Upcoming Stablecoin Next articleBank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform Bonds Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItUS Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues "Odds of Recession Increase"


As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the ... read more.Polygon Announces Zero-Knowledge Identity Platform for Web3 NFT Marketplace Opensea to Add Credit Card, Apple Pay Support via Moonpay US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says

News Feed

Israeli central bank official says CBDC competition with banks is good for economy
Derek Andersen4 hours agoIsraeli central bank official says CBDC competition with banks is good for economyBank of Israel deputy governor Andrew Abir is eager for the digital shekel to shake up commercial banks.2515 Tota
Cointelegraph Accelerator13 hours agoWeb3’s Swiss Army knife of personal finance Changex joins Cointelegraph AcceleratorChangex combines crypto trading and lending with traditional banking features that also include an
Biggest Movers: SHIB Hits 6-Week High, Whilst SOL Extends Recent Gains
Biggest Movers: SHIB Hits 6-Week High, Whilst SOL Extends Recent Gains Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes
12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish
12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small FishAccording to recent data, crypto participants known as ‘bitcoin whales’ have been
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail The Monetary Authority of Singapore (MAS), the regulator overseeing the
Bitcoin Realized Price Moves Further Away From Market Value – Bearish Signal Or Not?
Este artículo también está disponible en español. Bitcoin declined by 1.83% in the past week pushing its market price to below $97,000. Despite this loss, market sentimen
Crypto the ‘hardest thing’ in software history — Consensys CEO
Ezra Reguerra10 hours agoCrypto the ‘hardest thing’ in software history — Consensys CEOConsensys CEO Joseph Lubin told Cointelegraph that crypto might be the “hardest thing” in software history in terms of pote
Derek Andersen6 hours agoCoinbase beefs up its global advisory council with 4 national security expertsCoinbase is getting wonky with prominent names in national security from both sides of the U.S. political divide. The
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 2-Week Lows, Ahead of US Midterms 
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 2-Week Lows, Ahead of US Midterms  Bitcoin fell below $20,000 on Tuesday, as markets prepared for the U.S. midterm elections. Cr
EigenLayer on the brink of potential yield crisis
Zoltan Vardai14 hours agoEigenLayer on the brink of potential yield crisisLiquid staking tokens on EigenLayer will require more utility in the decentralized finance space to avoid a potential yield crisis in the future.1
William Suberg14 hours agoMost fear since SVB collapse — 5 things to know in Bitcoin this weekBitcoin traders are truly “spooked,” and sentiment crashes harder than BTC price as the shake-up from last week’s loss
Goldman Sachs Survey Shows Family Offices Are Flocking to Crypto Investments
Goldman Sachs Survey Shows Family Offices Are Flocking to Crypto Investments High net-worth families are turning to cryptocurrency investments, according to a re