EQS-News

Northern Data Group’s Peak Mining purchases a second 300MW data center location in Corpus Christi, Texas

EQS-News: Northern Data AG / Key word(s): Cryptocurrency / Blockchain Northern Data Group’s Peak Mining purchases a second 300MW data center location in Corpus Christi, Texas 24.05.2024 / 20:25 CET/CEST The issuer is solely responsible for the content of this announcement. Correction of a release from 24/05/2024 PRESS RELEASE / IR NEWS Northern Data Group’s Peak Mining purchases 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 Northern Data Group, announces the purchase of a second 300MW ERCOT-approved site in Corpus Christi, Texas. The location is adjacent to Peak’s first 300MW mining facility already under construction. The site will operate in the attractive 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 ambition 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 lower infrastructure costs.

Saxet Infrastructure Group (“Saxet”) will serve as construction manager for the additional Corpus Christi project and oversee the design, build, and energization of the substation and basic infrastructure for the second phase. The Saxet team brings a strong track record of project management and deep expertise with HPC infrastructure.

Niek Beudeker, Managing Director, 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 HPC data centers in active construction or development that, when fully deployed with the latest-generation hardware, could potentially provide up to 40EH of hash rate.”