- 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 $0.04/kWh, generated by 100%
renewable hydropower
FRANKFURT, Germany , May 10, 2024
/PRNewswire/ -- 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."
Niek Beudeker, Managing
Director, Peak Mining, commented:
"I'm pleased to partner with Penguin to expand our mining
capacity to Paraguay. The Penguin
team has done a tremendous job in constructing the site and
building a strong local team. This agreement, structured as a
partnership, will allow for better alignment of both parties than
with a standard hosting arrangement. The partnership demonstrates
our commitment to leveraging 100% clean energy to meet growing
industry demand, efficiently".
Björn Schmidtke, CEO at Penguin Group, commented:
"This strategic alliance with Northern Data Group strengthens
our position as a leader in hosting next-generation High
Performance Computing and also allows us to strengthen our
capabilities and expand our offerings in cutting-edge areas such as
AI compute. We are committed to advancing in this constantly
accelerating world, which demands more high-quality services to
keep evolving."
About Peak Mining
Peak Mining, part of the Northern Data Group, is powering
the future of the Bitcoin network. We deliver industry-leading
operating and energy efficiency in Bitcoin mining through the
latest hardware alongside innovative technology and HPC
infrastructure. With our heritage dating back to 2013, we've been
innovating for over a decade and have been at the forefront of the
industry ever since. Our high-quality infrastructure is
purpose-built to secure the Bitcoin network, and we're driven to
continuously find new efficiencies driving value for our investors.
We're delivering long term value in more responsible ways.
About Penguin
Penguin Group is at the forefront of HPC and cloud services
powered by fully renewable hydro power in South America. Its core value is the mission
to Transform Energy into Human Potential. This mission is achieved
through Penguin Academy, a revolutionary education concept where
students 'learn by doing' and has already trained thousands of
young people to become the next generation of tech talent. Penguin
aims to transform Paraguay into
the Technological Hub of South
America and expand their concept and mission globally.
About Northern Data Group
Northern Data Group (ETR: NB2) is a leading provider
of High Performance Computing (HPC) solutions, utilizing GPU- and
ASIC-technology. Our flexible compute power fuels innovation in our
three core business platforms: Taiga
Cloud, Ardent Data Centers, and Peak Mining. Through our HPC
solutions, we pioneer ambitious computing innovation that drives
progress in the AI, ML and Generative AI industries. Our close
collaboration with industry-leading manufacturers including
Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of
innovation across sectors including life sciences, financial
services, and energy.
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