FRANKFURT AM MAIN, Germany--(BUSINESS WIRE)--Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the world's largest providers of high-performance computing (HPC) solutions, now expects to expand its new HPC data center in Texas in the first year to an operating capacity of 1,000 MW (1 gigawatt, GW). A further expansion to 3.6 GW is planned by 2023 at the latest.
"We are very proud to have successfully started up our data center in the second quarter," said Aroosh Thillainathan, CEO of Northern Data AG. "We are currently ramping up our capacity as planned and build up in stages to now reach a capacity of one gigawatt by the end of the current year."
The wholly-owned Northern Data subsidiary Whinstone US operates the world's largest data center for HPC applications using an innovative cooling system and a self-developed artificial intelligence (AI) capable of covering an area of 40 hectares, corresponding to an expansion of around 57 soccer fields through the control of hundreds of thousands of high-performance computers operating in parallel.
The first customers of the data center, who are now operational, are large international corporations, including the multi-billion dollar Japanese SBI Group.
"We are thrilled to be one of the first customers at Northern Data's site in Texas, the largest mining and HPC data center in the world," says Carson Smith, CEO of SBI Crypto. "We are pleased with the professionalism of Northern Data. We planned this together in advance, and once all the pieces came together, Northern Data reliably executed the build-out. We know we can depend on their capabilities if we expand our operation. We are also excited to also collaborate with them on our mining pool, other software and strategic initiatives."
Milam County Judge Steve Young, as the chief administrator of the county, comments: "We are pleased that Northern Data has chosen Rockdale, Texas as the location for its data center. With our abundant reserves of environmentally friendly natural gas and our rapidly growing wind and solar industries, we have everything it takes to ensure its clean, secure and highly cost-effective energy supply. We are excited to continue our partnership with the leading provider of HPC facilities and look forward to their continued growth in Texas."
In view of recent positive developments, the company intends to provide investors an updated guidance for 2020 together with an expanded outlook for 2021 in due course.
About Northern Data:
Northern Data AG builds and offers global infrastructure solutions in the field of High-Performance Computing (HPC), offering solutions in the fields of machine learning and artificial intelligence, big data analytics, blockchain applications, game streaming and others. Operating internationally the Company evolved from the merger of German Northern Bitcoin AG and American Whinstone US, Inc. and is now a recognized leader in the provision of HPC solutions worldwide. The Company offers HPC solutions, both stationary in large state-of-the-art data centers as well as in high-tech mobile data centers, which can be located at any location worldwide. In doing so, it combines self-developed software and hardware with intelligent concepts for sustainable energy supply. In Texas, Northern Data is running the largest HPC data center in the USA and, at the same time, the world's largest dedicated HPC facility.
This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice.
|Company:||Northern Data AG|
|Phone:||+49 69 34 87 52 25|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange|
|EQS News ID:||