Northern Data Group, a European leader in computing solutions, announced a major move into South America through its subsidiary, Peak Mining. The company has signed a partnership with Penguin Infrastructure Holdings Paraguay to build a Data Center with 28MW of Bitcoin mining capacity. This strategic initiative aims to increase Northern Data Group’s hashing power significantly, utilising 100% renewable energy from Paraguay’s Itaipu Dam, which generates 14GW of hydroelectric power.
In the second semester of 2024, Northern Data Group plans to install 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners. This hardware is expected to generate 1.3 EH/s, contributing to Peak Mining’s goal of reaching 7.9 EH/s by the end of the year.
The initial phase of the investment involves establishing a 28 MW capacity in Penguin Group’s Data Center in Hernanderias, representing a $30 million investment. This partnership not only marks Northern Data Group’s entry into South America but also underscores its commitment to sustainable technology innovation.
Bjorn Schmidtke, CEO of Penguin Group, expressed his excitement about the joint venture: “This partnership with Northern Data Group not only strengthens our position as regional specialists in High-Performance Computing and cloud services but also expands our capabilities and offerings in cutting-edge technology sectors. At Penguin, we are committed to advancing in a world that demands high-quality services and continuous innovation to thrive and evolve.”
Aroosh Thillainathan, CEO of Northern Data Group, commented, “This partnership is strategic for Northern Data Group as we solidify our position within the global High-Performance Computing market. Given their impressive sustainability standard, I am particularly pleased to collaborate with Penguin Group. This expansion into South America is our first and represents another milestone for the company as it continues to expand its Bitcoin mining capabilities internationally.”
The global data center industry, valued at $466 billion in 2020, is expected to reach $948 billion by 2030. Projects like this allow Paraguay to position itself in these services. This alliance signifies a breakthrough for attracting investment in data processing, Bitcoin mining, cloud services, and Artificial Intelligence in the country. It provides opportunities for industry development and efficient energy use, contributing to the country’s growth and regional positioning in the technology sector.
About Peak Mining
Peak Mining, a subsidiary of Northern Data Group, is a leader in the Bitcoin mining industry with its cutting-edge hardware and high operational efficiency. With a legacy dating back to 2013, Peak Mining continues to innovate, and aims for “driving value in sustainable ways”.
About Penguin Group
Penguin Group Paraguay, part of Penguin Group Switzerland, is a pioneer in High Performance Computing (HPC) and cloud services powered entirely by renewable hydroelectric power in South America. Through initiatives like Penguin Academy, the company aims to cultivate tech talent in Paraguay and transform energy into human potential, aspiring to make Paraguay the Technological Hub of South America.
About Northern Data Group
Northern Data Group is a prominent provider of High Performance Computing (HPC) solutions, leveraging GPU and ASIC technology to fuel innovation across its platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Partnering with industry leaders like Gigabyte, AMD, and NVIDIA, Northern Data Group drives advancements in AI, ML, and Generative AI industries.
