Atlas, a major Application-Specific Integrated Circuit ASIC mining firm has partnered with Compute North, a firm that is actively engaging with the increase in demand for computing power at affordable rates for new applications.
According to the multi-year deal signed by both companies, Atlas will be providing a 100 MW colocation capacity to support Compute North's plans of expanding its mining operation in the United States.
The broader aim of Atlas has always been to expand its operations on a global scale and already has successful operations in Central Asia and North America. With headquarters in Singapore, Atlas has been striking partners with local firms that share common goals.
Atlas has been exploring different methodologies and seeks to be entirely carbon-free in the near future. This new partnership with Compute North is a step towards this goal.
Raymond Yuan, Chairman of Atlas, expressed his delight in the partnership. 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, as reported by Nasdaq.
In the first quarter of 2022, Atlas will be expanding its operations in North America launching several facilities in the U.S. Further, the new partnership with Compute North will enable the firm to produce 3.7 Exahases second.
Dave Perill, CEO of Compute North, also delighted about the deal, said: "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." According to Perill, the superior TIER 0 data center design of Compute North will provide greater stability and better efficiency to the grids, reducing the power usage cost by a great deal.
With a continuous effort to reduce the cost as well as to find a suitable non-renewable source for mining rigs, the two firms have agreed to work together for the years to come.