Manhattan Partners to build U.S. crypto data centres
Manhattan Solar Partners has announced a joint venture with the Florida-based manufacturer BIT5IVE, and crypto mining company GMine to build the largest renewably-powered cryptocurrency mining data centres in the United States. Based in Texas, they will use over a gigawatt of renewable energy.
According to the companies, the data centres will provide openings for up to 700 jobs to help the local economy, and “international focus to Texas as a global crypto-mining centre. Manhattan Solar Partners says it has selected “significant” renewable energy sources to provide all of the energy required to operate the 1-gigawatt data centres.
With completion expected in Q3 of 2021 and operations starting in Q4 of the same year, Manhattan Solar Partners’ clients plan to move existing international and domestic operations to Texas, taking advantage of the renewable energy in a pro-business environment, the company said.
Who are BIT5IVE and GMine, Manhattan Partners’ joint venture companies?
BIT5IVE is a Class A cryptocurrency mining data centre manufacturer based in the United States. Its main objective is to provide institutional clients and private investors with “top-level, environmentally friendly approaches to cryptocurrency mining solutions”.
GMine, founded by energy industry professionals, aims to explore the capabilities of renewable power in the crypto mining industry. The company believes that, using its experience in the Oil and Gas industry, its crypto mining will encourage future sustainable energy growth to help reduce global carbon emissions.
What is crypto mining?
Crypto mining or cryptocurrency mining refers to the process of collecting cryptocurrency cryptographic equations using computers. It is also known as Bitcoin mining and provides people with an extra source of income.
The process involves validating data blocks and adding transaction records to a public ledger known as a blockchain. The cryptocurrency market is, in itself, an alternative to traditional banking, however; it is expensive to do and resource-intensive. It is also prohibited in some geographic locations.
Below is a video that further explains what crypto mining and cryptocurrency are and what they are used for.
Video: The New York Times
LCL acquires ENGIE Solutions data centre in Gembloux
The data centre company LCL has announced today that it has acquired the ENGIE solutions data centre in Gembloux, Belgium through the acquisition of Cofely data solutions. The new facility, called Wallonia One, is the company’s first facility in Wallonia. As part of the agreement, LCL will take over the management of the facility’s employees as well as the data centre itself. The value of the acquisition is undisclosed.
LCL says that Wallonia One is its fifth data centre in the Belgian market and its second acquisition, after purchasing the Atos data centre in Huizingen in April last year. Laurens van Reijen, CEO of LCL, said: “With this fifth data centre, we are increasing our presence on the market. Gembloux is located in the heart of the Walloon economy. As a result, LCL Wallonia One offers excellent connection possibilities for the business sites and parks throughout Wallonia.
“Thanks to our other strategic sites located in the four corners of the Brussels and Antwerp peripheries, we can ensure that any company will have close links with other regions in our country”, van Reijen said.
Four employees under a fixed contract with Cofely Data Solutions will be joining the LCL team for the acquisition. Remaining part of the LCL Wallonia One, the employees will be under the leadership of their current manager, Nicolas Coppée, LCL said.
“We warmly welcome our four new colleagues and their support will be effectively integrated,” said Laurens van Reijen. “LCL is still strongly driven by service and quality. We intend not only to build synergies between our five data centres but also to introduce some innovations. Our current team of 37 employees is specialised in data centre services. So this is a win-win-win operation: for the customers of data centres, for ENGIE Solutions, and for LCL”.
Wallonia One’s “solar park”
LCL also says that the Wallonia One data centre features a solar park to provide power for the facility. The park includes 2,000 photovoltaic panels which generate 1MW of electricity, LCL claims. The centre also has a low Power Usage Effectiveness (PUE) rating of 1.25, in line with the company’s sustainability and efficiency objectives.
Committed to making all of its data centres carbon-neutral by 2030, LCL has created the “Climate Neutral Data Centre Pact” across Europe, which consists of 24 companies and 17 associations.
In addition to Wallonia One, LCL and ENGIE Solutions have also concluded a collaboration agreement, thus enabling ENGIE Solutions to build new data centres for LCL. There are also plans for ENGIE Solutions to advise LCL on energy efficiency, given ENGIE’s experience in such projects.