Cryptocurrency mining and data centers require a ton of energy, which makes them a great candidate for massive solar farms. The second facility coming online from bitcoin mining operator Aspen Creek Digital Corporation (ACDC) in Texas will be doing just that, co-locating with a 87-MW behind-the-meter solar project.
This project represents additional power generation resources for the Electric Reliability Council of Texas (ERCOT), as well as valuable controllable load resources that expand the reach of renewables by stabilizing the grid.
ACDC positions itself as a renewably powered Bitcoin miner. It entered into a hosting agreement with Compass Mining to host 27 MW of capacity at the facility to be deployed in Q4 2022. ACDC’s facility will represent one of the largest renewable-based facilities currently hosting Compass Mining client units.
Earlier this year, ACDC announced its first bitcoin mining center, a 6MW High-Performance Computing Cluster (HPCC) co-located behind-the-meter with a 10 MW solar farm, commenced operations in west Colorado.
“We are working hard to build the world’s leading fleet of renewably powered data centers by implementing our 3GW+ pipeline of wind, solar and battery generation by 2025,” said Alexandra DaCosta, CEO of ACDC.
In late September, ACDC announced an $8 million Series A financing round led by Galaxy Digital and Polychain Capital.
ACDC’s upcoming third project is a 150 MW HPCC co-located behind-the-meter with a 200 MW solar farm that will become operational by mid-2023.