Compute North Announces Nebraska Colocation Center for Bitcoin Mining


Compute North, an information infrastructure and colocation firm based mostly within the U.S., has introduced that its largest location is now dwell in Nebraska. The brand new facility affords 100 megawatts (MW) of energy and is focused at massive capability customers, resembling cryptocurrency miners.

“The ability is about as much as accomodate large-capacity customers with over 1MW of necessities by delivering accessible, inexpensive, dependable and safe collocation to individuals from everywhere in the globe,” in keeping with a press launch shared with Bitcoin Journal. “The mix of energy and connectivity with the low vitality prices of the positioning makes it able to effectively dealing with blockchain, machine studying, crypto mining, and extra.”

Compute North’s new colocation heart is positioned within the city of Kearney, Nebraska, and will probably be the third facility owned and operated by the agency. Its others are positioned in Texas and South Dakota. Information of this new campus first broke in June 2019, when the corporate reportedly agreed with the Metropolis of Kearney and the Financial Improvement Council of Buffalo County to commit about $7.65 million to the undertaking. 

Compute North and Bitcoin Mining Colocation Companies

In response to the discharge, Compute North will leverage Nebraska’s comparatively low vitality prices (which at present stand at $zero.1004 per kilowatt-hour) to supply dependable colocation — tools, area, bandwidth and/or energy rental — for individuals around the globe. Compute North hosts and distributes cryptocurrency mining tools from the likes of Bitmain, Whatsminer, Canaan and extra.

“Our new Nebraska internet hosting website is already greater than two-thirds dedicated and is continuous to ramp up shortly,” Compute North CEO Dave Perrill defined within the launch. “We’re very excited to be part of the Kearney neighborhood as we proceed to ship scalable, quick deployment information heart options that assist organizations drive most ROI.”

The Way forward for Bitcoin Mining within the U.S.

This colocation mining heart is the newest increase for America as a rising market for bitcoin mining operators. Although the sector has lengthy been dominated by China, because of its entry to low-cost electrical energy and inexpensive mining hardware, the U.S. is establishing its fair proportion of bitcoin mining facilities as are different areas around the globe.

In October 2019, Texas, for occasion, welcomed an inflow of funding from the mining business. Bitmain opened up a 50MW mining heart within the state and cryptocurrency infrastructure platform Layer1 secured $50 million in funding to construct mining gear and run its mining operation in West Texas. 

In November 2019, Whinstone US Inc. and Northern Bitcoin AG introduced their intention to arrange a 1 gigawatt bitcoin mining farm in Louisiana which they declare can be the “largest bitcoin mining facility worldwide.”

Source link Bitcoin Magazine


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