The company Power Mining, founded in Latvia, has created a unique data center this year that converts the heat generated during Bitcoin mining into district heating energy. This technology makes it possible to recover up to 95% of the heat produced by servers and channel it into the city’s heating network, providing heating for approximately 2,000 households.
In Europe, data centers already consume more than 3% of the continent’s total electricity, and by 2030 this figure could exceed 150 terawatt-hours per year — as much as the entire electricity consumption of Poland. Up to 40% of this energy is converted into heat, which is traditionally simply released into the air. If this energy were recovered and redirected for heating, it could provide warmth to around 10 million European households. Heat recovery from data centers could become one of the most effective ways to combine the growth of the digital economy with climate goals.
Company representatives emphasize that in this way Bitcoin mining, which is often criticized for its high electricity consumption, in this case becomes a sustainable and socially beneficial process. The first transaction with a private heating supply company in Scandinavia has already been concluded.
“The heat generated by traditional data centers is usually not reused and simply dissipates into the environment,” explains Power Mining production manager Austris Vasiļevskis. “Until now, we also produced data centers with conventional air cooling, but as electricity consumption and concerns about its environmental impact have grown, it became clear that the industry needs new, sustainable solutions. The system we have developed makes it possible to mine Bitcoin and produce heat at the same time. For example, one such data center can provide heating for around 2,000 households — that is a small town or an entire residential district. We see that this model has great potential for improving energy efficiency in urban environments,” says A. Vasiļevskis.
The data center operates with a capacity of 66 PH/s and can mine up to 9.7 Bitcoin per year, while simultaneously supplying 1.52 MW/h of heat for the city’s needs. This is the first solution of its kind not only in Latvia but also in the world, and it has already attracted interest abroad – Power Mining has signed its first contract with a Scandinavian heating supply company that plans to use this technology in its infrastructure.
“With our engineering solutions, we are at least two years ahead of conventional data centers, both in terms of heat recovery efficiency and integration with city heating networks,” notes Power Mining business development manager Jānis Varkals. “In Scandinavia this model is particularly useful, because there the heat generated by data centers can provide up to one-fifth of a city’s heating needs. We see that a similar approach can be implemented in Latvia and the other Baltic states, as well as elsewhere in Europe – wherever the heating infrastructure is modern but energy resources are becoming increasingly expensive. It is an opportunity for cities to use the energy of the digital economy in a very literal sense, by heating homes.”
In Europe, data centers already consume more than 3% of the continent’s total electricity, and by 2030 this figure could exceed 150 terawatt-hours per year — as much as the entire electricity consumption of Poland. Up to 40% of this energy is converted into heat, which is traditionally simply released into the air. If this energy were recovered and redirected for heating, it could provide warmth to around 10 million European households. Heat recovery from data centers could become one of the most effective ways to combine the growth of the digital economy with climate goals.
Power Mining is a Latvian technology company founded in 2017 that develops and manufactures data centers and energy-efficient solutions for Bitcoin mining. The company designs and produces high-power server systems, paying particular attention to heat recovery technologies and their integration into centralized heating networks. The company’s beneficial owners are Jānis Grīnbergs and Kristaps Mors. In 2024, Power mining closed the year with a turnover of 492.17 thousand euros and a profit of 26.30 thousand euros, according to data compiled by Lursoft.
Originally published at https://inc-baltics.com/latvija-radita-tehnologija-lauj-iegut-bitcoin-un-razot-siltumu-vienlaikus/
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