Data Center News

BitFuFu Acquires 51MW Data Center in Oklahoma

Cryptomining firm BitFuFu this week announced it has signed a definitive agreement and acquired a majority ownership in a 51MW operational Bitcoin mining data center in Oklahoma. The transaction was funded with cash from BitFuFu’s balance sheet and common stock.“We have made significant progre...

Will 2025 be the Year of the Data Center? Here are Three Promising Facts from the Virginia Market

Last summer, Sequoia partner David Cahn declared that 2025 would be the “Year of the Data Center,” as project developers and investors lined up to expand data center capacity in support of the AI industry’s massive build-out. To validate this thesis, we looked at Baxtel’s proprietary data in o...

Core Scientific to upgrade Texas data center

Texas

Core Scientific plans to refurbish its data center in Denton, Texas, turning it from a crypto facility into an AI site, spending as much as $6.1 billion on the new campus, the Denton City Council said, with a planned launch in 2027.  As part of the deal, the City of Denton will lease 78.85 acr...

Bitfarms to acquire Stronghold Mining for $125 million

Canada

Cryptomining firm Bitfarms has entered into a definitive partnership with Stronghold Digital Mining under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. The deal is valued at approximately $125 million equity value plus the assumption of debt valued at approxim...

Soluna secures $30 million in funding for data center expansion

Soluna

Data center operator Soluna has secured $30 million in funding from Spring Lane Capital to expand its data center in Texas. Soluna said the financing will accommodate approximately 12,700 Bitcoin mining rigs, each with a power consumption of around 3.5kW, totaling 48MW. Soluna has an existing ...

Iris Energy and Poolside sign new partnership

Texas

Iris Energy and AI startup Poolside have gotten into an agreement to give the latter cloud access to Nvidia GPUs. According to Iris Energy, the initial contract is three months, with a potential three month extension. Daniel Roberts, co-Founder and co-CEO of Iris Energy, said: “We are pleased ...

Applied Digital signs retail electric agreement with TerraForm Power

Marathon Digital: Garden City TX

Applied Digital has recently signed a long-term retail electric agreement with TerraForm Power for its 200MW data center in Garden City, Texas. Following this agreement, Applied Digital will use wind power produced in Texas by TerraForm Power.  Wes Cummins, Applied Digital chairman and CEO sai...

Sentinum builds Montana 20MW cryptomine data facility

Montana

Sentinum, Inc., previously known as BitNile, Inc., has broken ground in Montana on a new cryptomine data center. This week, Ault Alliance, the holding company and parent company of Sentinum, announced that construction had begun on a 20MW facility, which should be operational by the end of the...

Genesis launches cryptomine in Sweden

Sweden

Genesis Digital Assets Limited (GDA) has established a crypto mining data center in northern Sweden. Located near the 417 MW Porjus hydroelectric power station, the current capacity of this facility is 8MW, but expansion is planned for the future. It was previously used as a 'traditional' data...

Nodal Power secures $13m for landfill gas cryptomine data centers

Nodal Power, a crypto-mining startup, has raised $13 million for its methane-powered crypto-mining data centers. Nodal, founded in 2022, develops power plants that consume methane produced by decomposing garbage in landfills. According to the company, its system can be implemented at smaller l...

Bitcoin mining rights: The Arkansas Data Centers Act passes

Arkansas

The Arkansas Data Centers Act was recently passed after being proposed not long ago on March 30 by Senator Joshua Bryant. The legislation seeks to regulate the Bitcoin mining industry in the state, and will allocate crypto miners the same rights as data centers. It outlines that the government...

SBI Crypto sues Riot-owned data center

Riot Platforms

SBI Crypto Co. is reportedly pursuing litigation against the Riot Blockchain-owned-Whinstone US data center based in Rockdale, Texas. The bitcoin mining company outlined in its lawsuit, filed April 6th, that the data center breached its Hosting Service Agreement, alongside other charges includ...

Russian Federation to launch a cryptocurrency mining plant worth $12.3 million

Russia / Россия

The Russian Federation has announced its intent to launch a crypto-mining facility worth over $12.3 million (900 million rubles) in the coming months. To be situated in Buryatia, a Russian republic in eastern Siberia, the facility, upon completion, is pegged to contain 30,000 mining devices.Ac...

Cryptomining begins at Odessa Data Center

Texas

Cipher Mining, Inc., a U.S.-based bitcoin mining company, has begun bitcoin mining operations at its Odessa data center in Texas."We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site," said Tyler Page, CEO...

Struggling Compute North Sells Two Data Centers to Foundry Digital

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 up to ...

Genesis Digital Assets commences work on new 40MW mining data center

Texas

Genesis Digital Assets, has broken ground on a new data center in Glasscock county Texas. Comprising four buildings when complete, the new facility is expected to be finished and fully operational by December this year. According to the company, the facility will utilize its proprietary techno...

Arsenal Digital Holdings Acquires Data Center in Texas

Texas

Arsenal Digital Holdings has announced that it has an agreement in place to acquire a data center campus in Texas. The crypto mining holding firm didn’t reveal the terms of the deal nor the location of the site. However, it noted that the property sits on a 50-acre site. It also said the prope...

Riot Blockchain generated more money from energy credits than mining cryptocurrency

Riot Platforms

Riot Blockchain, one of the world’s largest bitcoin miners, has announced that it recently generated more money from energy credits allocated to the company for powering down than from actually mining cryptocurrency. During July, the company shut down its bitcoin mining rigs at its Texas faci...

ERCOT requests Bitcoin miners switch off to reduce energy consumption in extreme heatwave

Texas

Texas is currently experiencing record temperatures, with the state hitting triple figures last week. Waco, for example, reached 108F, beating the 104F high set a century ago back in 1917. Last month, for instance, over a third of those in the US were urged to stay inside. This news comes as g...

Black Mountain Energy & Highwire's fracked gas mining proposal called a "parasitic project"

Australia

American fracking company Black Mountain's announcement that it will partner with crypto mining firm Highwire to use fracked gas from its planned Valhalla exploration project in Kimberley to power cryptocurrency mining has been met with significant opposition. According to Black Mountain, it h...