Digital asset mining infrastructure provider Core Scientific Holding has signed an agreement with the City of Denton, Texas, and an affiliate of Tenaska Energy to develop a 300MW blockchain data center in Denton.
Core Scientific Chief Executive Officer Mike Levitt said this is their first blockchain data center in Texas which gives them the opportunity to demonstrate their “ability to scale rapidly to meet the increasing demand” for secure blockchain infrastructure for digital asset mining.
For this data center, Core Scientific will be using emissions-free power supplemented by renewable energy credits.
On completion of the data center, this will increase the company’s total power capacity to over 800MW while remaining 100% net carbon-neutral.
“The company’s commitment to 100% net carbon-neutral operations aligns well with the goals of the Denton Renewable Resource Plan and the long-term interests of our citizens,” said Denton Mayor Gerard Hudspeth adding that its economic benefits will also be realized by the community for many years to come.
Market Manipulation Allegations
Meanwhile, Bitcoin miner Northern Data AF dismissed allegations of market manipulation by Germany’s financial watchdog.
“We are confident that we will clarify the matter in full cooperation with the authorities,” the company said in a statement.
The company said it had rejected the allegations made by the financial regulatory authority for Germany, BaFin, last week in a complaint filed with Frankfurt prosecutors over suspected market manipulation.
The subject of the complaint was Northern Data’s acquisition of bitcoin miner Whinstone US Inc., which was announced in November 2019, said the company.
Public Miners Holding 20k BTC
In other news, Samsung has said that it will start production of the first generation of 3nm chips in the first half of next year. The second generation of 3nm chips is expected to be produced in 2023, and mass production of 2nm chips won’t begin until 2025.
Whatsminer is mainly the mining company that currently uses Samsung chips.
Interestingly, the largest public bitcoin mining firms in North America overall hold more than 20,000 BTC, worth over $1.1 billion.
According to data from The Block, miners like Riot, Marathon, Bitfarms, Hut8, HIVE, Greenidge, and Argo collectively mined just under 6,500 BTC in Q3, accounting for about 7.5% of total BTC block rewards in the period.
The post Texas Welcomes Blockchain Data Center with 100% Net Carbon-Neutral Operations Aligning with Citizens’ “Long-Term Interests” first appeared on BitcoinExchangeGuide.
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