Atlas to Expand US Cryptocurrency Mining Operations in 100MW+ Deal with Compute North

Atlas Technology Group LLC, a leader in the digital asset space and one of the largest ASIC mining firms; and Compute North, a company focused on mining infrastructure, have announced a new hosting service agreement under which Compute North will offer more than  100MW colocation capacity for Atlas’ U.S. mining operations.

Based in Singapore, with fast-growing operations in North America and Central Asia, the deal with Compute North is reportedly a part of Atlas’ wider strategy for supporting its global expansion efforts. The firm’s growth also focuses on working with domestic partners that share its values in the “sustainable and responsible development of the digital asset ecosystem.”

Raymond Yuan, Chairman of Atlas expressed his delight in the deal, stated:

“We are pleased to name Compute North as our trusted hosting provider and are committed to building a strong, long-term relationship. Atlas operates its mining business globally and highly values the partnership with local companies, like Compute North, who share our vision for sustainability and environmental responsibility.”

To achieve sustainable growth in adherence to its ESG commitments, Atlas is “carrying out a mass adoption of renewable energy, with a long-term goal to be 100% carbon-free.” The announcement also mentioned that this pursuit includes exploring expansion into Northern Europe, South America and Africa “to capitalize on the availability of renewable energy and vibrant workforces.”

Dave Perrill, CEO at Compute North, remarked;

“We’re proud that Compute North’s focus on sustainable mining solutions factored into Atlas Mining’s decision to partner with us for its upcoming U.S. deployment. Our pioneering TIER 0™ data center design creates significant cost efficiencies and establishes us as a critical partner to the overall stability of local power grids as they bring more renewables online.”

Yuan further noted that green mining and international operations are key trends in the ASIC-mining sector. He pointed out that as they continue to expand their business, they are eager to further adopt renewable energy and explore technologies that can “improve operational efficiency.” Advances in emerging cooling technology will “improve the PUE of the whole industry, and Atlas wants to lead the way,” Yuan added.

To date, Atlas has acquired over 200,000 units of advanced mining rigs and aims to “continue this trend over the next few years.” The update also mentioned that the company has “contracted more than 400MW infrastructure capacity with local partners in different regions and plans to add 1GW capacity in the following 18 months.”

As noted in the update, Atlas Technology Group is a leader in the digital asset space and one of the largest ASIC mining firms. With head offices in Singapore, Atlas maintains “an extensive global computing network and has deployed digital infrastructure in North America, Northern Europe, and Central Asia.”

The firm maintains offices and facilities in multiple regions, including the United States (Texas and New York); Canada (Vancouver and Toronto) and Kazakhstan (Almaty).

Compute North is the North American “leader in TIER 0™ computing.”

The firm offers “efficient, low-cost, and highly scalable infrastructure for clients in the blockchain, cryptocurrency mining, and the distributed computing space.”

With operations in Texas, South Dakota, and Nebraska, Compute North brings “a unique combination of data center, energy, and computing expertise to deliver the lowest cost computing in the world.”

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