The German company Northern Data is expanding its operations in the field of cryptocurrency mining by acquiring a 33-acre plot of land in Corpus Christi, Texas. This site is intended for the construction of a 300-megawatt mining complex, which will be carried out through its subsidiary, Peak Mining.
Construction on the Texas site has already begun and is expected to be completed in the first quarter of next year. A private substation has been installed on the site, and the electricity for the facility will be supplied by ERCOT, which has previously expressed support for cooperation with bitcoin miners for more efficient energy management.
Northern Data is also expanding its presence in North Dakota, where it plans to launch a 30-megawatt mining facility. The company has already invested 150 million dollars in purchasing WhatsMiner miners from MicroBT and plans another order worth 150 million dollars to fully equip the Texas facility.
These investments reflect a general trend of increasing investment in mining equipment among global mining companies in anticipation of the next bitcoin halving, expected in about 130 days. Northern Data is making significant efforts to strengthen its position in this rapidly developing industry.
