Compute North announced that the company is building a data center of 300 megawatts (MW), in Granbury Texas. Compute North claims the new data center near Wolf Hollow Power Plant can be scaled up to 600MW in the future.
3000 MW capacity to start, 600 MW for the future
Compute North, the hosting and blockchain infrastructure company announced on April 8 that it had launched a new 300-MW Bitcoin mining facility in Texas. TIER 0, the data center, will be situated near Wolf Hollow Power Plant. In the future, Compute North plans to expand the capacity of the facility up to 600 MW. Compute North also will provide grid-balancing services for the Energy Reliability Council of Texas.
The Eden Prairie, Minnesota-based Compute North recently secured $385 million in funding to scale the company’s operations. Mercuria and Generate Capital, both energy and commodities firms, led the Series C private equity investment. 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’
Compute North says the data center is expected to emit less carbon emissions than facilities similar in size and that have direct connections 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. Compute North CEO Dave Perrill explained that Compute North is happy to see progress in construction.
“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.”
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