Lancium, the Houston-based data center power management firm, signed a $2.4 billion development partnership with Taylor County in Texas and the city of Abilene to build a large-scale, renewable energy-powered data center.
- Lancium will build the facility, which will focus on bitcoin mining and other energy-intensive applications, in the north central Texas city, starting in the first quarter of 2022, according to a press release.
- “We chose Abilene for our second Clean Campus because of its ideal location, proximity to abundant wind and solar generation, high-quality workforce and the opportunities to grow in the future,” Lancium CEO Michael McNamara said.
- The data center campus will start at 200 megawatts, with an expansion capacity to over 1 gigawatt.
- Lancium said the company and its customers are planning to spread the investment over 20 years to build a “Clean Campus” on approximately 800 acres, creating 57 full-time jobs.
- “This project is estimated to bring $993.4 million in total projected economic impact to Taylor County and the City of Abilene,” said Misty Mayo, president and CEO of Development Corporation of Abilene.
- On Nov. 24, Lancium raised $150 million in financing and noted that its data centers will host bitcoin mining, high throughput computing, as well as other energy intensive applications, while providing power management services.
- On Sept. 15, Lancium said it started building a 325-megawatt data center in Fort Stockton, Texas, for bitcoin mining, which will be fully functional by the fourth quarter of next year.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.