Mentioned:
MAX Power Mining has a new ambition: using natural hydrogen for data centres.
What’s happening:
- MAX Power Mining (CSE: MAXX) has entered into a new partnership with TerraVolt Energy to pursue the development of an integrated power and cooling system for data centres that leverages natural hydrogen
Why it matters:
- MAX Power Mining is one of the first publicly traded companies to confirm a subsurface natural hydrogen system after the successful testing of a well drilled near Central Butte, Saskatchewan which is widely considered to be Canada’s first ever natural hydrogen drilling discovery
Going deeper:
- TerraVolt Energy and MAX Power Mining will collaborate with EcoTech Building Solutions and Carbon Neutral Growth Fund to evaluate the potential of modular natural hydrogen powered infrastructure systems that could be deployed at data centres to provide both low carbon power and water efficient cooling
- TerraVolt Energy is specifically focused on harnessing rural power sources to provide energy to both data centres and industrial operations that are located away from reliable access to urban power grids
- MAX Power Mining and the City of Moose Jaw have also formed a partnership to advance strategic opportunities to commercialize natural hydrogen within the Regina-MooseJaw Industrial Corridor
The intrigue:
- Billionaire mining entrepreneur and financier Eric Sprott just recently made a strategic equity investment of $25M CAD into MAX Power Mining at $2.00 CAD per share and now owns roughly 19% of the entire company
