EQS-News

Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy

EQS-News: Northern Data AG / Key word(s): Alliance Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy 10.05.2024 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy

• 28MW of miners delivering 1.3 EH/s, strategically located in Paraguay
• 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners to be installed
• Power rate of sub USD 0.04/kWh, generated by 100% renewable hydropower

Frankfurt/Main – 10 May 2024 – Northern Data Group’s Peak Mining today announces a new partnership with Penguin Infrastructure Holding (“Penguin”) for 28MW of mining capacity. This project represents a significant next step in Northern Data Group’s geographical expansion and enables Peak Mining to increase its hashrate, powered by 100% renewable energy.

The hardware will be energized in H2 2024 and marks Peak Mining's first step into South America. 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners will be installed at the site. The hardware will generate 1.3 EH/s, contributing to Peak Mining’s planned growth to 7.9 EH/s this year.

The site in Paraguay is 100% powered by renewable hydropower harnessed from the 14 GW Itaipu Dam, it is the world’s third-largest hydroelectric dam. The site will therefore benefit from the availability of clean energy.

This expansion into South America follows Peak Mining’s recent purchase of a 300MW mining data center site in Corpus Christi, Texas, which will power around 4.2 EH/s of MicroBT’s miners as well as the construction of a 30MW facility in Grand Forks, North Dakota, which will support approximately 1.1 EH/s of the miners.

This selection of sites underscores Northern Data Group's commitment to meet the demands of the industry as efficiently as possible. Throughout 2024, Northern Data Group will be rapidly expanding its HPC footprint.

Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:

“This partnership is significant to Northern Data Group as we continue to execute on our investment strategy and solidify our position within the global High-Performance Computing market, and I’m especially pleased to be working with Penguin, given the team’s impressive sustainability standards at this site. It is Peak Mining’s first expansion into South America and is another milestone for the company as it continues to scale its international Bitcoin mining capabilities.”