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Primeur weekly 2021-01-11

Exascale supercomputing

Preparing an earthquake risk assessment application for exascale ...

Quantum computing

A bit too much: reducing the bit width of Ising models for quantum annealing ...

The world's first integrated quantum communication network ...

Focus on Europe

GBP 20 million funding boost for science supercomputer will drive science simulation and UK-wide innovation ...

Northern Data acquires data centre site in Northern Sweden fully powered by green energy ...

Research and Markets to issue report on High Performance Computing (HPC) Market by Component, Deployment Type, Organization Size, Server Prices Band, Application Area, and Region - Global Forecast to 2025 ...

Environmental researchers benefit from powerful supercomputer at Plymouth Marine Laboratory ...

Middleware

XSEDE welcomes new service providers ...

Hardware

IBM appoints Gary D. Cohn as Vice Chairman ...

IBM appoints Martin Schroeter as CEO of "NewCo" independent managed infrastructure services business to spin out from IBM ...

Light-based processors boost machine-learning processing ...

E4 Computer Engineering announces University of Pisa as the first customer of Ultrafast Storage, Totally Integrated (USTI), the new solution for high performance distributed block storage ...

Existing Northern Data bitcoin mining customer expands contract volume by more than 200 MW ...

Power XL Pro launched as new professional server based on AMD EPYC technology ...

Swinburne-led research team demonstrates world's fastest optical neuromorphic processor ...

Applications

Supercomputer models describe chloride's role in corrosion ...

HPC-AI Advisory Council to host HPC AI AC Conference in Japan on January, 26 ...

Insights through atomic simulation ...

Advanced materials in a snap ...

New data-driven global climate model provides projections for urban environments ...

Frequency data for stable power supply ...

Physicists observe competition between magnetic orders ...

UTSA Artificial Intelligence Consortium receives over $1 million in research funding ...

Entangling electrons with heat ...

NIO partners with NVIDIA to develop a new generation of automated driving electric vehicles ...

Navantia leverages Ansys' digital transformation solutions to design next-gen naval vessels ...

Engineering graduate student places second in international research competition ...

The Cloud

Covid-19 genome sequencing project gets major upgrade ...

IBM provides Harris-Stowe State University with $2 million in Artificial Intelligence and open hybrid Cloud technology resources to help students build modern skills ...

IBM and Avertra collaborate to drive digital transformation for energy & utilities clients with IBM Cloud ...

UJET CCaaS Cloud contact centre now available on Oracle Cloud Marketplace ...

Existing Northern Data bitcoin mining customer expands contract volume by more than 200 MW

4 Jan 2021 Frankfurt Am Main - Northern Data AG, a provider of high-performance computing (HPC) solutions, can announce the extension of a customer contract of a volume of ASIC chips worth USD 100 million. The existing customer, from the bitcoin mining sector, is making use of an extension option, which it drew at the end of the year. The USD 100 million order volume of ASIC chips corresponds to an additional capacity of more than 200 MW, which will be allocated to Northern Data's up-to-five new Scandinavian and Canadian data centre locations, among others. The expansion of these new HPC data centres is being accelerated due to the massive growth in customer demand.

In addition to the expanded order volume, Northern Data also benefits from a performance-based remuneration component with this customer on top of the basic fee, meaning that Northern Data participates in the positive development of the bitcoin price. This additional revenue driver is not included in the company's forecast for 2021 and therefore represents additional significant upside potential. As recently as mid-December, the company forecast revenues of 350 million euro to 400 million euro with EBITDA of 100 million euro to 125 million euro for the 2021 financial year, which has just begun.

The need for bitcoin mining infrastructure is growing rapidly, especially due to the fast-developing acceptance of bitcoin as a new asset class. With around eight years of experience in the field of infrastructure for HPC applications such as bitcoin mining, Northern Data's offering is built upon many proprietary technologies. These include an innovative air-cooling system developed in-house, as well as artificial intelligence for controlling and optimizing the operation of the HPC hardware. These solutions enable Northern Data to deliver capacity to customers in record time.

CEO Aroosh Thillainathan commented: "The upsizing of this customer order is a great testament to our technology-leading solutions for bitcoin mining infrastructure. With this customer, we will directly participate in the rising bitcoin price and thus have an additional upside that we had not previously factored into our forecast for 2021. But bitcoin mining is only one of the many growth drivers in our business: In addition to the accelerated expansion of our bitcoin mining activities, we are also benefiting from rapidly developing customer demand in other application areas of high-performance computing. Just in early December, we started commissioning our GPU cluster, which will allow us to benefit from the exploding demand for HPC services for artificial intelligence, deep learning, research and rendering."

Source: Northern Data

Back to Table of contents

Primeur weekly 2021-01-11

Exascale supercomputing

Preparing an earthquake risk assessment application for exascale ...

Quantum computing

A bit too much: reducing the bit width of Ising models for quantum annealing ...

The world's first integrated quantum communication network ...

Focus on Europe

GBP 20 million funding boost for science supercomputer will drive science simulation and UK-wide innovation ...

Northern Data acquires data centre site in Northern Sweden fully powered by green energy ...

Research and Markets to issue report on High Performance Computing (HPC) Market by Component, Deployment Type, Organization Size, Server Prices Band, Application Area, and Region - Global Forecast to 2025 ...

Environmental researchers benefit from powerful supercomputer at Plymouth Marine Laboratory ...

Middleware

XSEDE welcomes new service providers ...

Hardware

IBM appoints Gary D. Cohn as Vice Chairman ...

IBM appoints Martin Schroeter as CEO of "NewCo" independent managed infrastructure services business to spin out from IBM ...

Light-based processors boost machine-learning processing ...

E4 Computer Engineering announces University of Pisa as the first customer of Ultrafast Storage, Totally Integrated (USTI), the new solution for high performance distributed block storage ...

Existing Northern Data bitcoin mining customer expands contract volume by more than 200 MW ...

Power XL Pro launched as new professional server based on AMD EPYC technology ...

Swinburne-led research team demonstrates world's fastest optical neuromorphic processor ...

Applications

Supercomputer models describe chloride's role in corrosion ...

HPC-AI Advisory Council to host HPC AI AC Conference in Japan on January, 26 ...

Insights through atomic simulation ...

Advanced materials in a snap ...

New data-driven global climate model provides projections for urban environments ...

Frequency data for stable power supply ...

Physicists observe competition between magnetic orders ...

UTSA Artificial Intelligence Consortium receives over $1 million in research funding ...

Entangling electrons with heat ...

NIO partners with NVIDIA to develop a new generation of automated driving electric vehicles ...

Navantia leverages Ansys' digital transformation solutions to design next-gen naval vessels ...

Engineering graduate student places second in international research competition ...

The Cloud

Covid-19 genome sequencing project gets major upgrade ...

IBM provides Harris-Stowe State University with $2 million in Artificial Intelligence and open hybrid Cloud technology resources to help students build modern skills ...

IBM and Avertra collaborate to drive digital transformation for energy & utilities clients with IBM Cloud ...

UJET CCaaS Cloud contact centre now available on Oracle Cloud Marketplace ...