Aspen Creek Digital Corporation (ACDC), the bitcoin mining operator, announced on October 26th that the company had started operations at its Texas-based high-performance computing center (HPCC).
The company further disclosed that they had made a deal with Compass Mining that would go into effect from the fourth quarter of this year and would offer a capacity of 27 megawatts (MW).
The HPCC in Texas is the company’s second to go into operation and is solar-powered. ACDC will collaborate with Compass at the facility.
The latter will host about 9,000 application-specific integrated circuits (ASIC) mining rigs crafted by Bitmain that would offer a capacity of 27 MW.
The first bitcoin mining data center of ACDC is in west Colorado which has a capacity of 6 megawatts and is tied to a solar farm.
A Series A funding round was launched by ACDC back in September led by Polychain Capital and Galaxy Digital, which saw it raise $8 million.
On Wednesday, ACDC announced that the Texas HPCC currently has a capacity of 30 megawatts. Since it is tethered to a solar farm with a capacity of 87 megawatts, it is capable of hosting 10,000 ASIC bitcoin miners.
In its Wednesday announcement, the company also disclosed that there is a third project in the works as well, which would have a capacity of 150 megawatts because it shares its location with a solar farm of 200 MW.
ACDC stated that this project would become operational by the middle of next year. It said that it wanted to power its operations through a sustainable source of renewable energy.
Alexandra DaCosta, the chief executive of ACDC, said in a statement that they were pleased to collaborate with Compass Mining for expanding access to bitcoin mining powered by renewable resources.
This news comes after reports of Compass Mining leaving the British Columbia and Georgia facilities of the miner.
The company informed its clients about the sunsetting via email and Will Foxley, it’s content director, said that they had decided to leave the facility because it does not meet standards.
Foxley had also posted an update that they also had a new facility with Compute North in Texas and were just waiting for ERCOT.
On September 22nd, 2022, Compute North filed for bankruptcy protection. The CEO of Compass, Whit Gibbs, discussed the concept of ‘at-home’ mining two weeks ago with Coindesk.
A report in August also disclosed that the company was shifting its course. The co-CEO and co-founder of Compass, Thomas Heller, said on Wednesday that they were looking forward to working with ACDC.
When making the announcement, Heller said that they were looking for hosting providers like ACDC that can offer high-quality services and can offer reliability and uptime to their mining clients.
He further said that the combination of renewable and low-cost energy at ACDC with mining operational excellence is not easy to find in today’s market. He said that they were pleased to have partnered with the mining operator.