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Author: Admin | 2025-04-28
Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Despite the bear market for crypto, Aspen Creek Digital Corp., a new bitcoin miner, has started mining at a six-megawatts solar-powered facility in the western part of Colorado. Aspen Creek was founded in January, and its mining operation is co-located at a solar farm that has a capacity of 10 megawatts. The company wants to start with mining bitcoin at its data center and eventually offer computing services to other businesses, according to a statement shared with CoinDesk. The Colorado data center will run S19 bitcoin mining machines and be co-located with a 75,000-square-foot research-and-development center and fulfillment facility. The facility will serve as a centralized testing, maintenance, storage and training hub for Aspen Creek's computing infrastructure. The miner is entering the industry at a time when existing miners are finding it difficult to remain profitable with the decline in crypto prices, hashrates that are near all-time highs, a tightening capital market, higher power costs and supply chain issues. The company, however, was able to raise enough cash to secure the required switch gears and transformers for 240 megawatts of capacity, CEO Alexandra DaCosta said. “We wanted to make sure that we had the appropriate infrastructure on hand to build out our first phase. So for our projects, now we actually have more than enough,” she told CoinDesk. Crypto-focused financial services firm Galaxy Digital (GLXY) was impressed enough by
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