Global energy and compute infrastructure firm Bitfarms has announced its partnership with T5 Data Centers. The collaboration aims to expand HPC and AI at the company’s Panther Creek campus in Pennsylvania. T5 will develop and construct the Pennsylvania data center and manage and operate the facility. Bitfarms said the entity will also offer clients customizable and scalable solutions. Bitfarms targets growing AI demand with advanced data centers Bitfarms said the goal of the initiative will be to ensure its facility meets the demands of high-performance computing and artificial intelligence applications. The firm also believes that Pennsylvania will be the centerpoint of developing data centers in the future. Bitfarms said it partnered with T5 because of its expertise in pre-construction planning and development. Bitfarms CEO Ben Gagnon argued that T5 was the best for constructing, developing, and operating data centers at the Pennsylvania campus. Gagnon also noted that the Trump administration’s commitment to $90 billion of AI investments spans across its 1 GW pipeline in Pennsylvania. “We’re excited to be selected as a strategic construction partner for Bitfarms as they expand into HPC/AI data center development. Their Panther Creek, Pennsylvania property is well-positioned for building an advanced AI data center campus, and we look forward to supporting this next phase of their growth.” – Tom Mertz , President and COO of T5. Bitfarms revealed that it will release its year-over-year earnings for the quarter ended June 2025 on August 12. Zacks’ consensus EPS estimates that the firm will report an increase in earnings on higher revenues. The analyst also projects that the company will post a quarterly loss of $0.01 per share, representing a change of 85.7% during the specified timeframe. Straubel uses old EV batteries to power AI data centers Tesla co-founder JB Straubel revealed that he is reusing old EV batteries for microgrid projects that could provide cheap energy storage for data centers. He founded Redwood Materials in 2017 to recycle batteries with a supply chain for electric vehicles. The entrepreneur noted that Redwood would receive more EV batteries, but the old ones would still have usable capacity. The company is now repurposing those batteries to provide cheap energy storage for microgrid projects. Straubel argued that Redwood is finding a way to get more value from those batteries. The tech firm partnered with Crusoe for its first microgrid. The AI cloud infrastructure company is taking part in Stargate’s $500 billion AI project to establish data centers in Abilene, Texas. Redwood boasts of generating 12 MW of power through a solar array. It could also generate 63 megawatt-hours of capacity using the repurposed EV batteries. Crusoe COO and president Cully Cavness considers 24/7 renewable power the holy grail in the energy sector. He also believes that the cost of batteries is too high, until Straubel’s solution. Redwood and Crusoe believe that data centers are crucial for the AI industry, with Goldman Sachs projecting the sector to drive a 165% increase in demand by 2030. They also said that data centers will help hyperscalers deploy with speed and power redundancy at an affordable cost. Straubel revealed that Redwood has over a gigawatt-hour of reusable batteries in its inventory, close to 12,500 EVs. The company is also designing more than 100 megawatt projects, ten times the size of the pilot microgrid with Crusoe. Redwood hopes its recycling business will help it compete in the growing energy storage industry. Pete Tillotson, senior research analyst with Benchmark Mineral Intelligence, believes that the future demand for energy storage is massive. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
