Bitcoin mining operation Compute North has announced it is building a 300 megawatt (MW) data center in Granbury, Texas. According to the mining company, the data center near Wolf Hollow Power Plant will be scalable to 600 MW in the future.
300 MW of capacity to start, 600 MW in the future
On April 8, blockchain infrastructure and hosting service provider Compute North announced the launch of a new 300MW bitcoin mining facility in Texas. The TIER 0 data center will be near Wolf Hollow Power Plant and eventually the company plans to scale the facility to 600 MW. In addition, Compute North will provide grid balancing services to the Energy Reliability Council of Texas (ERCOT).
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 energy and commodities company Mercuria and renewable energy investment firm Generate Capital. National Grid Partners also participated in Compute North’s Series C funding round. According to the company, the company’s TIER 0 data center provides “the ability to respond quickly in times of peak demand that puts the grid under pressure.”
In addition, the new Compute North data center aims to hire “30 skilled positions for the facility.” Granbury’s city manager Chris Coffman looks forward to seeing the mining company bring jobs to the area. “Granbury is delighted to have a new employer close by. Not only will Compute North bring quality jobs to our area, but they also bring an engaged business partner by supporting existing nonprofits and being part of the community,” Coffman said in a statement on Friday.
Compute North Says Wolf Hollow Plant Co-Location Will Offer ‘Unique Behind the Meter’ Approach
According to Compute North, the data center will emit less CO2 than most facilities of its size that are directly connected to the grid. “Compute North’s modular containers will be placed at the Wolf Hollow plant via a unique behind-the-meter approach, bringing cargo directly to the source,” emphasized the announcement on Friday. Dave Perrill, the CEO and co-founder of Compute North, explained that the company is excited to see construction moving forward.
“We are developing next-generation data centers that meet the unprecedented needs of next-generation technology at a time when the demand for energy efficiency and stabilizing the power grid has never been greater,” said Perrill during the announcement. “We are committed to continuous innovation to support timely demand response solutions, and we are working closely with our energy partners to support local energy dynamics.”
What are your thoughts on Compute North’s 300 MW data center construction with plans to scale up to 600 MW? Let us know what you think about this topic in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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 the content, goods or services mentioned in this article.