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Northern Data Group platform, Peak Mining, announces purchase of a second 300MW data center location in Corpus Christi, Texas

EQS-News: Northern Data AG / Key word(s): Cryptocurrency / Blockchain Northern Data Group platform, Peak Mining, announces purchase of a second 300MW data center location in Corpus Christi, Texas 24.05.2024 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE / IR NEWS Northern Data Group platform, Peak Mining, announces purchase of a second 300MW data center location in Corpus Christi, Texas

• The location expands on an adjacent 300MW site, purchased in December 2023
• The site comes with an ERCOT-approved interconnect of 300MW
• Construction already underway, with long-lead time items secured and energization scheduled for early 2025

Frankfurt/Main – 24 May 2024 – Peak Mining, part of the Northern Data Group, announces the purchase of a second 300MW ERCOT-approved site in Corpus Christi, Texas. The location is adjacent to the 300MW mining facility that is already under construction. The site also provides energy in the attractive low-cost power zone of Load Zone South of the ERCOT grid, known for its abundance of renewable (wind) energy.

The investment represents a significant step forward in Northern Data Group’s investment strategy, cementing expansion plans well beyond the current 2024 financial year.

The new site enables Peak Mining to accelerate its expansion plans to become one of the largest bitcoin miners globally. The company will be deploying indoor, custom-designed, fully-integrated and liquid-cooled HPC data center systems to drastically improve deployment time and infrastructure cost, bringing Peak Mining to a leading position in the industry and preparing it for the future of HPC compute.

Saxet Infrastructure Group (“Saxet”) will act as construction manager for the design, build and energization of the substation. The Saxet team brings a strong track record of project management and deep expertise with the construction of HPC infrastructure.

Niek Beudeker, Managing Director of Northern Data Group Platform, Peak Mining, commented:

“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 40EH of hash rate.”