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Aspen Creek Digital’s first solar Bitcoin mining plant goes live

Aspen Creek Digital's first solar Bitcoin mining plant goes live
Jordan
Major
2 days ago
3 mins read

Aspen Creek Digital Corporation (“ACDC”) announced today June 23, that its first Bitcoin mining facility, a 6MW High Performance Computing Center (“HPCC”) co-located behind-the-meter with a 10MW solar farm, has gone live in western Colorado.

ACDC’s self-mining activities are housed inside the project, and has also included Galaxy Digital’s mining firm (referred to simply as “Galaxy Digital”) as a bitcoin mining hosting client, PRNewswire reports.

In particular, the opening of the plant in Colorado is the first step toward ACDC’s goal of establishing more than 3 GW of wind, solar, and battery power throughout the United States by the beginning of 2025.

CEO of Aspen Creek Digital Corporation, Alexandra DaCosta, stated:

“Recent market volatility has demonstrated the importance of our core strategy: controlling power as the principal input in bitcoin mining. ACDC was founded with a simple premise in mind, which is to create a sustainable source of renewable energy to power our operations and put renewables back on the grid.”

She added: 

“This design enables ACDC to withstand volatility in the bitcoin market and insulate our operations from power market fluctuations. The success of our first project is proof of our concept to substantially lower the cost of energy, the single largest input for bitcoin mining, and to do it sustainably.” 

ACDC’s goal of decarbonization of Bitcoin mining

Launched in 2022, ACDC’s objective is to create the world’s leading network of high-power combined cycles (HPCCs) fueled by renewable energy sources to accelerate the decarbonization of the power generating industry.

The mining of Bitcoins will initially be the primary emphasis of these HPCCs. Eventually, ACDC will look into the possibility of providing massive sustainable computing as a service. 

ACDC utilizes its completely owned S19 generation miners to carry out self-mining operations at its Colorado data center. Co-located with this project is a research and development and fulfillment facility that will have a total area of 75,000 square feet. 

ACDC has many more locations around the state of Texas that are now in the process of being developed as Bitcoin mining operations. ACDC’s second facility will be a 30MW data center with the capacity to host 10,000 ASIC miners. This data center will be co-located behind the meter with an 87MW solar farm when it is scheduled to become fully operational this summer.

The third project that ACDC is working on is a data center with a capacity of 150 MW that will be co-located behind the meter with a solar farm with a capacity of 200 MW.

Finally, the announcement comes as the cryptocurrency market expands across countries and industries, and concerns over its environmental impact continue to give rise to restrictive policies as the White House prepares policy to fight Bitcoin mining’s environmental impact.

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Jordan Major
Author

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.

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