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The 29-acre TIER 0 facility in McCamey can be scaled up to 280 MW and will provide the co-located wind park with a guaranteed power off-take, thus eliminating the need to curtail production during peak generation. According to the company, this is the first behind-the-meter wind project of its kind.
The exclusive customer of the new facility will be Marathon Digital Holdings Inc (NASDAQ:MARA). The latter’s ASIC bitcoin miners will conduct onsite computing operations that convert power directly into a digital and transferrable store of value on the Bitcoin network.
Compute North delivers high-performance cryptocurrency mining and infrastructure solutions to customers around the globe.
Nov 25, 2022 | Posted by Abdul-Rahman Oladimeji | Compute North
Compute North has sold two of its data centers to crypto mining firm Foundry Digital amidst bankruptcy. Compute North provides data center hosting services for blockchain and crypto mining firms. The company filed for Chapter 11 bankruptcy in September due to owing over 200 creditors ...
Feb 10, 2022 | Posted by Abdul-Rahman Oladimeji | Compute North
Compute North has announced the closing of its next growth capital round of $385 million. The capital raised comprises $300 million in debt financing and $85 million in initial Series C equity closing, led by Generate Capital and Mercuria. Compute North will fund the development of new project...
Nov 04, 2021 | Posted by MadalineDunn | Compute North
Following mounting concerns from locals, the controversial data center heading for Pitt County is no longer happening. Compute North has announced that it has requested to withdraw its permit application for a data center that would have been located opposite the nearby Belvoir Elementary Scho...
Oct 14, 2021 | Posted by MadalineDunn | Compute North
As reported by WITN, there are murmurs in Pitt County that a data center may be on its way. This news has not been well received by locals, who have voiced concerns around the facility, which is to be proposed next to Belvoir Elementary School. Locals are apprehensive about potential noise pol...
Apr 21, 2021 | Posted by EB Tester | Compute North
EDEN PRAIRIE, Minn., April 21, 2021 – Compute North and Bit Digital, Inc. (Nasdaq: BTBT), are pleased to announce an additional 40MW hosting agreement for the expansion of Bit Digital’s bitcoin mining operations in North America, with an important sustainability feature. As part of the agreem...