Northern Data AG, a Bitcoin miningmining and datacenter multinational, today announced its partnership with the world’s second-largest BitcoinBitcoin mining manufacturer, Canaan Inc.
Though details of the business arrangement are sparse, the companies stated in a joint release that they will pool their resources in the “areas of Artificial Intelligence (AI) development, BlockchainBlockchain Technology and Datacenter operations.” Neither firm immediately responded to Decrypt’s request for additional information.
In a statement, Canaan CEO NG Zhang complimented his new business partner’s “rich experience in building high-performance computing infrastructure," adding that Canaan’s research and development team will now be “collaborating” with Northern Data.
Its deal with Canaan is the latest in a string of big moves for Northern Data, formerly known as Northern Bitcoin prior to its merger with datacenter developer Whinstone US last year.
Another major Bitcoin mining farm is set to open in Texas
Louisiana-based Whinstone US, Inc.—a developer of high-speed data centers—is teaming up with Bitcoin mining firm Northern Bitcoin AG of Frankfurt, Germany, to build a new mining facility in Texas, according to a press release issued yesterday. The new joint company will build a center that is slated to have an energy capacity of one gigawatt and cover approximately 100 acres of the Lone Star State, which the company claims will make up “the largest data center in North America and the largest Bi...
The two firms merged in an effort to build a new massive Bitcoin mining facility in Texas. The new joint company, Northern Data AG, claimed at the time that the facility will be “the largest data center in North America and the largest Bitcoin mining facility in the world.”
Earlier this month, Northern Data also announced a partnership with Japanese mining firm SBI Crypto, which plans to be one of the first companies housed in the Texas facility slated to open this year.
The state of Texas is quickly becoming a favorite host for Bitcoin mining facilities vying for the title of “largest in the world.” Last year, Bitmain launched a 33,000 acre facility in Rockdale, Texas. Layer 1, backed by PayPal co-founder Peter Thiel, also opened a Bitcoin mining facility in the state today.
