Hyperscale Data to Launch Bitcoin Mining Pilot in the Gulf of Mexico with Oil and Gas Producer
Hyperscale Data, Inc. (GPUS)
Company Research
Source: GlobeNewswire
LAS VEGAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data,” or the “Company”), today announced the initiation of a cutting-edge pilot project aimed at exploring the feasibility of Bitcoin mining in the Gulf of Mexico. This project represents a unique collaboration, taking advantage of underutilized electrical power generated by turbines supplied by natural gas on an offshore structure off the coast of Louisiana operated by our project partner (the “Partner”). The pilot program will involve the installation by Hyperscale Data of a mobile data center with approximately 100 Bitcoin miners on the Partner’s structure, which is a platform that collects gas from various offshore wells, for further transportation onshore. This mobile data center will utilize the electrical power generated from gas that is being held, but not ready for transportation, demonstrating an innovative approach to energy utilization, m
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