EQS-News: Peak Mining, a Northern Data Group company, signs USD 150 million contract for next-generation liquid-cooled mining hardware from MicroBT
EQS-News: Northern Data AG
/ Key word(s): Miscellaneous
PRESS RELEASE / IR NEWS
Peak Mining is one of the first to adopt the newest liquid-cooling mining technology at this scale, to be deployed across various locations globally. The new hardware can be efficiently cooled in warmer climates, has lower operational overhead and maintenance, and can be overclocked within warranty to increase performance and hash rate output. The first batch of the latest, next-generation liquid-cooled miners is expected to be delivered in October 2023 and installed at our 30MW location in North Dakota. Furthermore, the purchase agreement allows for strengthening of Peak Mining’s existing portfolio in preparation for the upcoming halving, which is due to take place in Q2 2024. Newly purchased air-cooled units will be installed at existing locations in preparation for the upcoming halving. MicroBT’s miners are assembled in the United States, boosting local jobs and bringing more of the industry’s value chain onshore into one of its largest markets. This new contract extends Peak Mining’s already long-term access to the US production line, in partnership with Synos Corp. Peak Mining also has the flexibility to order hardware from Thailand and China to optimize its supply chain for its global operations and expediting deployments. Peak Mining is powering the future of the Bitcoin network. Part of Northern Data Group, we deliver industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative technology and infrastructure. With our mining 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 power the mining network, and we’re driven to continuously find new efficiencies which drive value for our investors. We’re delivering long-term value in more responsible ways. Northern Data Group (ETR: NB2) is a provider of energy-efficient High-Performance Computing (HPC) infrastructure to businesses and research institutions, utilizing GPU- and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business divisions: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC infrastructure, 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. MicroBT (www.microbt.com) is a technology company based on blockchain, focusing on the R, production and sales of integrated circuit chips and products, and provides high performance computing system solutions and technical service. MicroBT has recently commenced its United States-based manufacturing operations of Bitcoin mining hardware. WhatsMiner (www.whatsminer.com) is a leading brand of mining hardware and chip design developed by MicroBT. As one of the most efficient and cost-effective mining brands on the market, WhatsMiner is widely used in retail and institutional mining by customers around the world. Jens-Philipp Briemle Hawthorn Advisors
22.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Northern Data AG |
An der Welle 3 | |
60322 Frankfurt/Main | |
Germany | |
Phone: | +49 69 34 87 52 25 |
E-mail: | [email protected] |
Internet: | www.northerndata.de |
ISIN: | DE000A0SMU87 |
WKN: | A0SMU8 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1732695 |
End of News | EQS News Service |
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1732695 22.09.2023 CET/CEST