German data center and mining operator Northern Data is doubling down on bitcoin mining capacities in the U.S., purchasing a 33-acre and 300-megawatt (MW) site in Corpus Christi, Texas.
The company announced the acquisition on Monday through its mining subsidiary Peak Mining but did not disclose the investment amount.
According to the announcement, the first phase of the construction is ongoing and is expected to power 100 MW of mining capacity in Q1’24 ahead of the halving. Northern Data said the site has a private substation and can access the real-time energy market at the Load Zone South of ERCOT, the state’s electrical grid operator.
The Texas acquisition follows Northern Data’s recent purchase of a 30 MW site in North Dakota, which is also set to be fully operational in Q1.
The initial power capacities in both sites will be housing the 7 EH/s of WhatsMiner equipment that Northern Data has previously preordered from MicroBT, worth $150 million.
The company said on Monday that it has also secured an option from MicroBT for another $150 million worth of WhatsMiners to fill in the Texas site’s capacity expansion to the full 300 megawatts.
As previously reported, a list of institutional bitcoin mining companies have committed more than $1.2 billion year-to-date, buying the newest generation of bitcoin miners. And the hardware will also need corresponding investment in data center infrastructure to be fully operational.
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