Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, has announced the purchase of a 300-megawatt (MW) ERCOT-approved site in Corpus Christi, Texas. This site is adjacent to another location acquired by the firm in December 2023. The new acquisition is part of Peak Mining’s aggressive expansion strategy in the United States.
Cutting-Edge Technology and Rapid Deployment
Peak Mining revealed on Friday that construction at the new Texas location is already underway, with the site expected to be operational by early 2025. The new facility will deploy indoor, custom-designed, fully-integrated, and liquid-cooled high-performance computing (HPC) data center systems. This advanced technology is set to enhance deployment speed and reduce infrastructure costs significantly.
Niek Beudeker, Peak’s managing director, stated, “The purchase of this second large site will significantly shorten our time to hashing and kick off one of the fastest mining expansions globally. We now have almost 700MW of sites in active development that, when fully fitted with our latest-generation hardware, could potentially provide up to 40 exahash per second (EH/s) of hashrate.”
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Strategic Construction Management
Saxet Infrastructure Group will manage the design, build, and energization of the substation for the new site. The CEO of Saxet commented, “We are excited to support Northern Data Group’s expansion in the ERCOT market and specifically to welcome them to the Corpus Christi area. The combination of base load industrial demand and significant renewable resources creates a unique opportunity for their portfolio.”
International Expansion and Renewable Energy
In addition to its developments in Texas, Peak Mining has also secured an agreement for 28 MW of mining capacity in Paraguay, which will utilize 100% renewable energy. The Paraguayan facility will house 2,860 units of Microbt’s M63-series liquid-cooled Whatsminers. The electricity costs at this site are expected to be minimal, with a power rate of less than $0.04 per kilowatt hour (kWh).
