DGAP-News: Northern Data AG / Key word(s): Expansion
Northern Data AG update on the status of the build-out of the world’s largest HPC Data Center
– Initial commissioning successfully completed / Innovative cooling and proprietary AI systems are online and running well
– Area of 40 hectares / utilization of one gigawatt is now expected by the end of 2020
– Expansion to 3.6 gigawatts planned by 2023
Frankfurt am Main – June 10, 2020 – 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.
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|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:||1066663|
|End of News||DGAP News Service|
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Northern Data reports on course of business for July 2022 and expected total cryptocurrency production in 2022
Preliminary reported EBITDA EUR 50 million higher than reported on 30 June 2022. Northern Data expects finalization of audit 2021 financial statements in August 2022.
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