- The strategic partnership includes the State of Oklahoma, Grand River Dam Authority (GRDA) and MidAmerica Industrial Park (MAIP) near Tulsa
- Long-term reliable power supply from GRDA with secured low-cost pricing in a highly competitive market
- Growth investments of up to EUR 250 million in the coming years, facilitate a stable power supply of around 250 MW, the construction of value-enhancing Tier 3-ready data centers and the installation of up to 70,000 ASIC systems that will be earnings accretive once deployed, as each MW that comes online will immediately be profitable through bitcoin mining
- Indicatively, 70,000 latest generation ASIC systems (c. 7 EH/s) as of today would be able to generate more than 900 Bitcoin or an equivalent of c. EUR 30 million at given BTC prices and global hashrate (assuming 200 EH/s) per month
- Northern Data is planning to deploy around 110,000 ASIC systems (c. 10 EH/s) in total by the end of 2022 across its global portfolio with Oklahoma being a key pillar from the start. Most of the ASIC systems have been purchased and fully paid already
- Consequently, 110,000 latest generation ASIC systems (c. 10 EH/s) as of today would be able to generate more than 1,400 Bitcoin or an equivalent of c. EUR 50 million at given BTC prices and global hashrate (assuming 200 EH/s) per month
- Northern Data is also considering extending its decentralized GPU cloud to the US
Northern Data Partners with State of Oklahoma and Secures a Home for Up to 70,000 ASIC Systems by End of 2024
Mar 09, 2022
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