Data Center · South Korea · Datacenter Dynamics
Dogecoin cryptominer Z Squared picks up site in Arkansas for AI/HPC data center development
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A US cryptomining firm is pivoting to AI and HPC data centers, and has acquired a development site in Arkansas.
Key facts
- According to its recent results, the firm relies on Minting Dome Inc as its cryptomining hosting provider, which hosts the firm’s 9,800 ASIC miners
- In May the firm said it aims to reach 100MW of AI-ready capacity within the next 18 months across multiple sites
- That deal is being paid for in $18 million of Series B convertible preferred stock
- Nasdaq-listed Z Squared Inc. this week announced it has acquired a majority stake in Paradox Data and its Union County Campus
Summary
Nasdaq-listed Z Squared Inc. this week announced it has acquired a majority stake in Paradox Data and its Union County Campus. The site, outside El Dorado, Arkansas, will use immersion cooling to cater for high-density workloads. Z Squared aims to develop the site further, and intends to request up to 50MW of utility power in future. "Energized power and high-density immersion cooling are two of the scarcest and most valuable assets in AI infrastructure today, and this transaction would add both, anchored by a campus engineered for firm, large-scale power," said David Halabu, CEO of Z Squared.