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Compute North to Expand Bitcoin Mining Colocation Capacity by 1.2GW: Report
CEO Dave Perrill says it could take until Q3 2022 for mining capacity to recover from China's recent crackdown.
Compute North, which operates locations that host bitcoin mining, plans to expand its capacity by 1.2 gigawatts, its CEO said in an interview, The Block reported Monday.
STORY CONTINUES BELOW
- CEO Dave Perrill said it could take until third-quarter 2022 for bitcoin mining capacity to recover from the recent crackdown in China.
- Compute North has five sites under construction, he said. He did not say where these are.
- Compute North's colocation service entails providing a data center to host mining equipment. The Minnesota-headquartered firm currently operates three such facilities, in Texas, Nebraska and South Dakota.
Read more: Compute North to Host Marathon’s 73K New Bitcoin Miners in Texas
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
