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Core Scientific lands 100MW bitcoin power deal

Contractor has signed more than 400MW in infrastructure capacity across regions and plans to add 1GW capacity in the following 18 months.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

November 03, 2021 | 1:00 AM GMT

Bitcoin miner Atlas Technology Group LLC has contracted more than 100MW of data centre power from Core Scientific Holding Co. as the group expands its cryptocurrency operations.

The installation of the new miners is expected to be completed in 15 months.

Raymond Yuan, founder of Singapore-based Atlas, said: “Atlas is a global company, and we are committed to leading the industry with our partner Core Scientific. The energy crisis is a critical problem faced by the whole world at present, which is also a bottleneck restricting the development of the entire mining industry.

“How to improve the contribution of clean energy, how to reduce the waste of energy supplies, and how to introduce the concept of PUE into the management of data centres are topics that every practitioner needs to think about.”

The entrepreneur continued to say that Atlas will expand the scale of its hash-rate, at the same time carrying out ESG duties.

He added: “Now among Atlas working data centres, more than half of the energy consumption is clean, and the company continues to seek more environmentally friendly corporations.

“In the short term, enterprise costs will increase, but in the long term, environment protection is a major responsibility of the enterprise, which is included in Atlas’ vision and mission.”

Atlas is one of the world’s major mining companies. Currently, it is the largest customer of several manufacturers including Bitmain and MicroBT.

The company is currently expanding in the United States, Canada, Kazakhstan. To date, Atlas has purchased more than 200,000 units of mining rigs and aims to continue this trend over the next few years.

The firm has contracted more than 400MW infrastructure capacity with local partners in different regions and plans to add 1GW capacity in the following 18 months.

Michael Levitt, Chief Executive Officer of Core Scientific, said: “We are honoured that Atlas Mining has chosen Core Scientific as its primary hosting partner in the United States.

“We are confident that by working together, we can jointly drive the industry’s evolution to environmental awareness, and a sustainable energy matrix.”

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João Marques Lima

Founder and Editor, The Tech Capital

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