June 11 (Renewables Now) – US cryptocurrency mining companies BIT5IVE LLC and GMine LLC intend to use more than 1 GW of electricity from renewable power plants in Texas for their new crypto data centres there.
The duo will build the facilities through their joint venture (JV) Manhattan Solar Partners LLC, cryptocurrency mining data centres and bitcoin farm company BIT5IVE LLC said on Thursday. According to the statement, its partner has identified “significant renewable energy sources” to cover the data centres’ entire power consumption.
No specific details were provided about the potential power supply sources.
Construction of the data centres is slated to begin in the third quarter, with the facilities planned to become operational in the following quarter. Once completed, Manhattan Solar Partners’ clients will be able to relocate their existing international and domestic operations to Texas to take advantage of the renewable energy, the duo noted.