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Compute North to Expand Bitcoin Mining Colocation Capacity by 1.2GW: Report
CEO Dave Perrill says it could take until Q3 2022 for mining capacity to recover from China's recent crackdown.
Updated Sep 14, 2021, 1:23 p.m. Published Jul 12, 2021, 11:14 a.m. 1 min read
Compute North, which operates locations that host bitcoin mining, plans to expand its capacity by 1.2 gigawatts, its CEO said in an interview, The Block reported Monday.
- CEO Dave Perrill said it could take until third-quarter 2022 for bitcoin mining capacity to recover from the recent crackdown in China.
- Compute North has five sites under construction, he said. He did not say where these are.
- Compute North's colocation service entails providing a data center to host mining equipment. The Minnesota-headquartered firm currently operates three such facilities, in Texas, Nebraska and South Dakota.
Read more: Compute North to Host Marathon’s 73K New Bitcoin Miners in Texas
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- Jefferies expects a surge of crypto and blockchain-related public listings over the next two years, projecting the sector could become a $1 trillion public market within five years.
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