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EQS-News: Northern Data AG / Key word(s): Alliance
Northern Data Group's Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy
2024-05-10 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Northern Data Group's Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy

. 28MW of miners delivering 1.3 EH/s, strategically located in Paraguay
. 2,860 units of MicroBT's M63-series liquid-cooled WhatsMiners to be installed
. Power rate of sub USD 0.04/kWh, generated by 100% renewable hydropower
Frankfurt/Main - 10 May 2024 - Northern Data Group's Peak Mining today announces a new partnership with Penguin
Infrastructure Holding ("Penguin") for 28MW of mining capacity. This project represents a significant next step in
Northern Data Group's geographical expansion and enables Peak Mining to increase its hashrate, powered by 100%
renewable energy.
The hardware will be energized in H2 2024 and marks Peak Mining's first step into South America. 2,860 units of
MicroBT's M63-series liquid-cooled WhatsMiners will be installed at the site. The hardware will generate 1.3 EH/s,
contributing to Peak Mining's planned growth to 7.9 EH/s this year.
The site in Paraguay is 100% powered by renewable hydropower harnessed from the 14 GW Itaipu Dam, it is the world's
third-largest hydroelectric dam. The site will therefore benefit from the availability of clean energy.
This expansion into South America follows Peak Mining's recent purchase of a 300MW mining data center site in Corpus
Christi, Texas, which will power around 4.2 EH/s of MicroBT's miners as well as the construction of a 30MW facility in
Grand Forks, North Dakota, which will support approximately 1.1 EH/s of the miners.
This selection of sites underscores Northern Data Group's commitment to meet the demands of the industry as efficiently
as possible. Throughout 2024, Northern Data Group will be rapidly expanding its HPC footprint.
Aroosh Thillainathan, Northern Data Group's Chief Executive Officer, commented:
"This partnership is significant to Northern Data Group as we continue to execute on our investment strategy and
solidify our position within the global High-Performance Computing market, and I'm especially pleased to be working
with Penguin, given the team's impressive sustainability standards at this site. It is Peak Mining's first expansion
into South America and is another milestone for the company as it continues to scale its international Bitcoin mining
capabilities."
Niek Beudeker, Managing Director, Peak Mining, commented:
"I'm pleased to partner with Penguin to expand our mining capacity to Paraguay. The Penguin team has done a tremendous
job in constructing the site and building a strong local team. This agreement, structured as a partnership, will allow
for better alignment of both parties than with a standard hosting arrangement. The partnership demonstrates our
commitment to leveraging 100% clean energy to meet growing industry demand, efficiently."
Björn Schmidtke, CEO at Penguin Group, commented:
"This strategic alliance with Northern Data Group strengthens our position as a leader in hosting next-generation
High-Performance Computing and also allows us to strengthen our capabilities and expand our offerings in cutting-edge
areas such as AI compute. We are committed to advancing in this constantly accelerating world, which demands more
high-quality services to keep evolving."
About Peak Mining
Peak Mining, part of the Northern Data Group, is powering the future of the Bitcoin network. We deliver
industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative
technology and HPC infrastructure. With our heritage dating back to 2013, we've been innovating for over a decade and
have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to secure the
Bitcoin network, and we're driven to continuously find new efficiencies driving value for our investors. We're
delivering long-term value in more responsible ways.
About Penguin
Penguin Group is at the forefront of HPC and cloud services powered by fully renewable hydro power in South America.
Its core value is the mission to Transform Energy into Human Potential. This mission is achieved through Penguin
Academy, a revolutionary education concept where students 'learn by doing' and has already trained thousands of young
people to become the next generation of tech talent. Penguin aims to transform Paraguay into the Technological Hub of
South America and expand their concept and mission globally.
About Northern Data Group
Northern Data Group (ETR: NB2) is a leading provider of High-Performance Computing (HPC) solutions, utilizing GPU- and
ASIC-technology. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent
Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives
progress in the AI, ML, and Generative AI industries. Our close collaboration with industry-leading manufacturers
including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life
sciences, financial services, and energy.
Investor Relations:
Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail: jens-philipp.briemle@northerndata.de
Telefon: +49 171 557 6989
Media enquiries:
Hawthorn Advisors
Email: northerndata@hawthornadvisors.com
2024-05-10 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Northern Data AG 

An der Welle 3
60322 Frankfurt/Main
Germany

Phone:        +49 69 34 87 52 25 
E-mail:       info@northerndata.de 
Internet:     www.northerndata.de 
ISIN:         DE000A0SMU87 
WKN:          A0SMU8 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), 

Stuttgart, Tradegate Exchange
EQS News ID: 1899887

End of News EQS News Service
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1899887 2024-05-10 CET/CEST

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END) Dow Jones Newswires

May 10, 2024 03:00 ET (07:00 GMT)