ACDC Expands in Texas with New Solar-Powered Bitcoin Mining Center

ACDC Expands in Texas with New Solar-Powered Bitcoin Mining Center

Aspen Creek Digital Corporation (ACDC) announced on October 26 that the company has commenced operations at its solar farm-powered high-performance computing center (HPCC) in Texas. The company signed a deal with Compass Mining to host 27 megawatts (MW) of capacity, which will be deployed in the fourth quarter of this year.

Aspen Creek Digital and Compass Mining Form Hosting Alliance

The bitcoin mining company, Aspen Creek Digital Corporation (ACDC), has started operations of the second HPCC unit in Texas. ACDC and Compass will be collaborating at the facility, as Compass plans to host 27 MW of capacity, or about 9,000 Bitmain-crafted application-specific integrated circuits (ASIC) bitcoin miners. The Texas-based HPCC is ACDC’s second bitcoin mining data center. It operates a 6 MW facility tied to a solar farm in West Colorado.

ACDC raised USD 8 million in a Series A financing round in September that was led by Galaxy Digital and Polychain Capital. ACDC announced on Wednesday that the Texas HPCC is a 30 MW site. The facility can host 10,000 ASIC bitcoin miners tethered to an 87 MW solar farm. The company also revealed that a third project is in the works with 150 MW of capacity co-located with a 200 MW solar farm.

The third HPCC will be "operational by mid-2023," ACDC announced. "Our mission is to create a sustainable source of renewable energy to power our operations and put renewables back on the grid," the CEO of ACDC, Alexandra DaCosta, said. "We’re thrilled to partner with Compass Mining to expand access to renewable-powered bitcoin mining," the CEO added.

Meanwhile, the news follows reports of Compass Mining closing the Georgia and British Columbia operations. The reported closure notices were sent to Compass clients via email. Will Foxley, Content Director, Compass, said the company left the facility because it "didn’t meet standards."

Thomas Heller, the co-founder, and co-CEO of Compass Mining explained on Wednesday that the firm looks forward to working with ACDC.

"Compass Mining continues to seek out high-quality hosting providers such as ACDC that benefit our mining clients’ uptime and reliability. ACDC’s pairing of low-cost, renewable energy with mining operational excellence is difficult to find in today’s market. We’re pleased to work with their team," Heller said during the announcement on Wednesday.