According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023.
Peak Mining Purchases ERCOT-Approved Texas Site
Northern Data’s Peak Mining revealed the acquisition of a new Texas location featuring a 300-megawatt (MW) ERCOT-approved interconnect. Peak announced on Friday that construction is in progress and the site is expected to be operational by early 2025.
The announcement highlights the deployment of indoor, custom-designed, fully-integrated, and liquid-cooled HPC data center systems to significantly enhance deployment speed and reduce infrastructure costs. This purchase follows a 300 MW site acquisition finalized last December, with both sites situated next to each other.
“The purchase of this second large site will significantly shorten our time to hashing and kick off one of the fastest mining expansions globally,” Peak’s managing director Niek Beudeker stated. “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].”
Peak noted that Saxet Infrastructure Group will act as the construction manager for the design, build, and energization of the substation. “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 CEO of Saxet commented. “The combination of base load industrial demand and significant renewable resources creates a unique opportunity for their portfolio.”
The news also comes after Peak’s agreement for 28 MW of mining capacity in Paraguay, which will utilize 100% renewable energy. Around 2,860 units of Microbt‘s M63-series liquid-cooled Whatsminers are set to be installed at the Paraguayan facility. Additionally, Peak mentioned that the electricity costs will be minimal, with a power rate of less than $0.04 per kilowatt hour (kWh).
What do you think about Peak Mining’s new acquisition? Share your thoughts and opinions about this subject in the comments section below.
