Share this article
Power Management Firm Lancium Signs $2.4B Data Center Development Deal
The construction of the data center, which will focus on bitcoin mining and other energy-intensive applications, will start in the first quarter of 2022.
By Aoyon Ashraf
Updated May 11, 2023, 4:08 p.m. Published Dec 21, 2021, 11:00 p.m.
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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
