Validus Power: Validus to build crypto/HPC data center in Canada

Nov 09, 2021 | Posted by Abdul-Rahman Oladimeji

Validus Power has revealed that it is building a cryptocurrency mining facility. It will also be reactivating a mothballed gas power plant in Canada. The firm says it plans to develop a 3,000 square meter (32,000 square feet) high-performance compute hosting facility at the Kapuskasing cycle power plant. The facility is scheduled to be in operation by Spring of 2022. 

CEO and President of Validus Power, Todd Shortt, said this is a fantastic time for the company as Kapuskasing is a fantastic location. He noted that a data center designed for high-performance computing like the one being planned fits perfectly well in a cool climate to improve operational efficiency. Validus acquired the gas-fired plants in North Bay and Kapuskasing earlier this year. The company says it will re-open the 45MW plant in Kapuskasing. 

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