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Construction of the data center, which will focus on bitcoin mining and other power-hungry applications, will begin in the first quarter of 2022.
Lancium, a Houston-based data center energy management company, has signed a $ 2.4 billion development cooperation agreement with Taylor County in Texas and the City of Abilene to build a large-scale renewable energy data center.
Lancium will build a facility, which will focus on the Bitcoin mining industry and other energy-intensive applications, in north-central Texas 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 numerous wind and solar power sources, high quality workforce and opportunities for future growth,” said Lancium CEO Michael McNamara.
The data center campus will start at 200 megawatts, expandable to over 1 gigawatt.
Lansium said the company and its clients plan to spread the investment over 20 years to build a “Clean Campus” on approximately 800 acres, creating 57 full-time jobs.
“The total projected economic impact of this project for Taylor County and the City of Abilene is estimated at $ 993.4 million,” said Misty Mayo, president and CEO of Abilene Development Corporation.
Lancium raised $ 150 million in funding on Nov 24 and noted that its data centers will host bitcoin mining, high performance computing, and other power-hungry applications, and provide power management services.
On September 15, Lancium said it has begun construction of a 325-megawatt data center in Fort Stockton, Texas for bitcoin mining, which will be fully ready by the fourth quarter of next year.
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