Compute North is building a 300MW data center at a gas-fired power plant in Texas.
The blockchain & HPC data center firm has announced that construction is underway to build a 300MW data center next to the Wolf Hollow Generating Station in Granbury, in Hook County.
"Compute North is excited to see construction moving forward on our latest facility," said Dave Perrill, CEO and co-founder at Compute North. "We are developing the next generation of data centers meeting the unprecedented needs of next-generation technology at a time when the demand for energy efficiency and stabilizing the energy grid has never been higher. We are committed to continued innovation to support timely demand response solutions, and we work closely with our energy partners to support local energy dynamics."
Compute North said the site is scalable up to 600MW. It added that as the facility is colocated directly at the power source – its modular containers will be behind the meter – it can provide grid-balancing services to the Energy Reliability Council of Texas (ERCOT).
"Granbury is excited to have a new employer in the neighborhood. Not only will Compute North bring quality jobs to our area, but they also bring an engaged corporate partner by supporting existing non-profits and being part of the community," said Granbury's City Manager, Chris Coffman.
Commissioned in August 2003, Wolf Hollow Generating Station began as a 788.4MW gas-fired power plant. Exelon Energy acquired the site in 2011 for $305 million, but the site is now owned by Constellation Energy after the company was split earlier this year. The site was expanded in 2017 and Wolf Hollow II now offers 1,115MW of power generation.
Compute North raised $385 million in February 2022 in a Series C funding round co-led by Mercuria and Generate Capital with additional investors including National Grid Partners. The company has facilities in operation or development in Nebraska, North Carolina, South Dakota, and Texas.
In other recent cryptomining data center news:
Validus Power Corp. and Startmining have announced the construction of a new 100MW Bitcoin mining data center at a Validus Power Generation site in Ontario, Canada. Initial project work has already commenced with an expected target of August, 2022.
Blockware Solutions has built a 20MW Bitcoin Mining Data Center in Belfry, Kentucky. The facility’s power capacity can be expanded up to 75MW. The company is repurposing old manufacturing and coal plants, but not refiring the facilities, instead using energy from the grid.
Wattum Management Inc. is expanding its Bitcoin mining facility in West Point, Georgia. The company is adding 14MW through mobile mining containers with EZ Blockchain. The facility went live in February 2022.
Dallas, Texas-based company Applied Blockchain plans to raise $60 million in a Nasdaq listing. The company's first facility was constructed in North Dakota and came online in February, 2022. Currently providing 55MW of capacity, another 45MW is expected to be brought online during Q2 2022. It also plans to develop a 200MW wind-powered facility in Texas.
Greenidge Generation Holdings Inc. has closed two financings for approximately $108 million in gross proceeds. The financings are comprised of an approximately $81.4 million facility with an affiliate of NYDIG, secured by certain Bitmain ANTMINER S19 J Pro equipment delivering in 2022, and a $26.5 million secured note with an affiliate of B. Riley Financial, Inc. secured by the real estate at Greenidge's facility in Spartanburg, South Carolina.
EZ Blockchain has launched a new containerized mining solution. The SmartBox 1500i has a 20ft container footprint with capacity for 288 cryptocurrency miners
