Aspen Creek Digital Corporation, a bitcoin mining company announced on October 26 that it had begun operations at the solar-powered HPCC in Texas. ACDC explained that Compass mining was the contracting partner for 27 megawatts (MW), which will be available in the fourth trimester of 2018.
Aspen Creek Digital and Compass Mining Announce Hosting Partnership
According to the bitcoin mining company Aspen Creek Digital Corporation (ACDC), the firm’s second HPCC has started operations in Texas. ACDC and Compass plan to collaborate at the facility. Compass intends to host 27MW or approximately 9,000 Bitmain-crafted ASIC (application-specific integrated circuit) bitcoin miners. The Texas-based HPCC is ACDC’s second bitcoin mining data center, as it operates a 6 MW facility tied to a solar farm in west Colorado.
ACDC secured $8 million funding in September through a Series A round of financing that was managed by Polychain Capital and Galaxy Digital. ACDC’s announcement on Wednesday details that the Texas HPCC is a 30 MW site. It can house 10,000 ASIC Bitcoin miners, tethered with an 87-MW solar farm. On Wednesday, the company revealed that a third project was in development that could host 150 MW capacity and a 200-MW solar farm.
The third HPCC will be “operational by mid-2023,” ACDC explained. “Our mission is to create a sustainable source of renewable energy to power our operationsAnd put renewables back on the grid,” the CEO of ACDC, Alexandra DaCosta, said in a statement. “We’re thrilled to partner with Compass Mining to expand access to renewably powered bitcoin mining,” the ACDC executive added.
Meanwhile, the news follows reports of Compass Mining sunsetting the miner’s Georgia and British Columbia facilities. Compass clients were reportedly informed via email about the alleged sunsetting. according to Compass’s content director, Will Foxley, Compass left the facility because it “didn’t meet standards.” Foxley also explained, and shared an update, that said Compass had a “new facility in Texas with Compute North” that was “waiting for ERCOT to energize.”
Compute North, a bitcoin mining company filed for Chapter 11 bankruptcy protection September 22nd 2022. Two weeks ago, Whit Gibbs, the co-CEO of Compass discussed the launch of “At-Home” mining with Coindesk, and a report noted last August that the firm was “changing its course.” Thomas Heller, the co-founder and co-CEO of Compass Mining, explained on Wednesday that the firm looks forward to working with ACDC.
“Compass Mining continues to seek out high-quality hosting providers such as ACDC that benefit our mining clients’ uptime and reliability. ACDC’s pairing of low-cost, renewable energy with mining operational excellence is difficult to find in today’s current market. We’re pleased to work with their team,” Heller said during the announcement on Wednesday.
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