Power Management Firm Lancium Signs $2.4B Data Center Development Deal

Lancium, the Houston-based data center power management firm, signed a $2.4 billion development partnership with Taylor County in Texas and the city of Abilene to build a large-scale, renewable energy-powered data center.

Lancium will build the facility, which will focus on bitcoin mining and other energy-intensive applications, in the north central Texas city, starting in the first quarter of 2022, according to a press release.“We chose Abilene for our second Clean Campus because of its ideal location, proximity to abundant wind and solar generation, high-quality workforce and the opportunities to grow in the future,” Lancium CEO Michael McNamara said.The data center campus will start at 200 megawatts, with an expansion capacity to over 1 gigawatt.Lancium said the company and its customers are planning to spread the investment over 20 years to build a “Clean Campus” on approximately 800 acres, creating 57 full-time jobs.“This project is estimated to bring $993.4 million in total projected economic impact to Taylor County and the City of Abilene,” said Misty Mayo, president and CEO of Development Corporation of Abilene.On Nov. 24, Lancium raised $150 million in financing and noted that its data centers will host bitcoin mining, high throughput computing, as well as other energy intensive applications, while providing power management services.On Sept. 15, Lancium said it started building a 325-megawatt data center in Fort Stockton, Texas, for bitcoin mining, which will be fully functional by the fourth quarter of next year.

Previous post Secure America’s Financial Strength With Stablecoins, Not Central Banks
Next post Shiba Inu Spikes as Whales Add to Existing Positions
Generated by Feedzy
%d bloggers like this: