The Northern Data Group Subsidiary Prepares for Halving with Next-Gen Mining Infrastructure:
Peak Mining, a subsidiary of Northern Data Group, has recently signed a groundbreaking contract worth $150 million with renowned Bitcoin mining rig manufacturer, MicroBT. This strategic partnership will empower Peak Mining with a formidable mining capacity of 7 exahash per second (EH/s) through state-of-the-art BTC mining devices.
Major Equipment Acquisition:
In a Friday announcement, Peak Mining unveiled its substantial investment of $150 million in various MicroBT Whatsminer models, including the highly-anticipated M53S+ and M53S++ as well as the M50S+ and M50S++ rigs. Notably, this acquisition leaves room for the potential procurement of an additional $150 million in mining hardware in the future.
Leading in Innovation:
One of the most exciting aspects of this deal is Peak Mining’s commitment to introducing “liquid-cooling mining technology at this scale.” This innovative approach promises enhanced efficiency and operational benefits. The first batch of these liquid-cooled MicroBT miners is slated to arrive in October 2023, with installation planned for North Dakota.
Strategic Advantage for Peak Mining:
Niek Beudeker, the Managing Director at Peak Mining, expressed his enthusiasm about the contract, emphasizing that it will significantly bolster their self-mining capacity and prepare their existing mining portfolio for the impending Bitcoin halving. Beudeker stated, “We choose to deploy hardware in a higher performance output mode at purpose-built next-generation infrastructure,” underscoring their commitment to efficiency and excellence.
MicroBT’s Upcoming M60 Series:
This development coincides with MicroBT’s forthcoming release of the M60 series miner, scheduled for launch in October. The M60 series is expected to achieve an impressive efficiency rating of 1X joules per terahash (J/T). This news underscores the mining industry’s unwavering momentum and the continuous efforts of top manufacturers to enhance efficiency metrics, even in a relatively stable cryptocurrency market.
In summary, Peak Mining’s substantial investment in MicroBT Bitcoin miners and their adoption of liquid-cooling technology positions them as industry pioneers. As they gear up for the Bitcoin halving, Peak Mining is poised to make significant strides in the competitive world of cryptocurrency mining, underlining the sector’s enduring innovation and growth.
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