NEW MINING CO. 01 / 11
North Dakota • AI Colocation

20 MW of
AI-Ready
Power.

Containerized site. Permit in hand.
GPU containers plug in.

Schedule a Site Visit →
20MW Available now
12,47V 3-phase supply
77MW Runway to 2027
5yr PPA term
SCROLL
02
NEW MINING CO. 02 / 11
01 • Market signal

The AI infrastructure
cycle hits the same
wall: power.

Every neocloud, every hyperscaler, every miner pivoting to HPC is chasing the same scarce resource: megawatts with a working substation connection, a permit in hand, and a road a truck can drive on in February.

H100 hourly rate, +6 months
+38%
$1.70 to $2.35 per GPU-hour. On-demand capacity sold out through September 2026. Per SemiAnalysis.
CoreWeave revenue backlog
$66.8B
CoreWeave's own revenue backlog. The capital is being placed right now.
Applied Digital / Ellendale, ND
$11B
CoreWeave lease backlog for Ellendale, North Dakota site. about 200 miles from our Langdon site.
HPC miners vs pure-play multiple
12.3x
Forward sales multiple for miners with HPC contracts. Pure-play miners: 5.9x. The market has voted.
03
NEW MINING CO. 03 / 11
Langdon, ND substation
Langdon, ND
02 • The Langdon Site

10-15 MW
greenfield.

48.7632° N, 98.3718° W • Cavalier County, ND

20 MWAvailable now
12,47V3-phase
GrantedPermit
Fiber1 mi out
  • Adjacent distribution substation, dedicated tap point
  • Container pads, grounding, switchgear, security fencing budgeted
  • Verizon Fiber, AT&T Fiber, or Starlink: primary and satellite backup
  • 5-year PPA with renewal option. Langdon qualifies as a dedicated-PPA exception
  • Land available to lease or purchase; adjacent 3-acre parcel at ~$15K
04
NEW MINING CO. 04 / 11
03 • Capacity runway

20 MW now.
77 MW by 2027.

20MW
Now
4 operational sites
32MW
2026
+12 MW on existing sites
47MW
H1 2027
+15 MW Langdon online
77MW
H2 2027
+30 MW utility-committed
05
NEW MINING CO. 05 / 11
04 • Infrastructure

Site-ready.
Not paper-ready.

⚡
Power supply
12,47V 3-phase
Direct tap from adjacent distribution substation. Smart PDU metering, UL/CSA certified gear.
🔌
Power agreement
5-year PPA
Renewable on 5-year basis. Langdon site qualifies as a dedicated-PPA exception. Interruptible data-center rate.
🌐
Connectivity
Fiber 1 mi out
Verizon Fiber, AT&T Fiber, or Starlink. Existing fiber data tower lines nearby. Primary + secondary recommended.
🚶
Road access
Truck-ready
Paved county road. Accessible in February. Containers arrive by standard flatbed. No special permits required.
🔒
Security
Fenced + CCTV
Basic perimeter fencing on owned parcel. CCTV poles included. Enhanced security to partner spec available.
🛠
Deployment format
Containerized
Container pads prepped. GPU containers swap in within days. The power plant does not care what you plug into it.
06
NEW MINING CO. 06 / 11
05 • The deal structure

We run the power.
You bring the GPUs.

What we bring

New Mining Company

  • Substation connection and the PPA
  • Land: owned on some parcels, long-term leased on others
  • Container pads, grounding, switchgear, security
  • Nine years of operating experience running 24/7 industrial compute loads through North Dakota winters
  • Build management from permit to power-on
What we need from a partner

You bring

  • Containerized GPU infrastructure, liquid cooling if you are running Blackwell
  • Networking layer
  • End customers: you bring the offtake, we bring the kilowatts
  • CAPEX for GPU equipment and containers
07
NEW MINING CO. 07 / 11
06 • Partnership models

Three ways to
structure this.

01
Power Lease

Flat $/kWh

We stay out of the GPU economics. You pay a fixed rate per kilowatt-hour consumed. Cleanest structure, fastest to close. Rental via MW agreement available at $5,000–$7,000/MW.

Best for: operators who want clean cost structure
02
Revenue Share

Power + site vs CAPEX + GPUs

We contribute power and site. You contribute CAPEX, GPUs, and end customers. We split the margin. Aligns incentives on both sides. Structure is negotiable.

Best for: partners who want skin in the game
03
Build-to-Suit

Long-term lease, built to spec

Five to fifteen years. We build to your exact spec: transformer size, container layout, cooling type, fiber config. Works for a neocloud with a specific customer already lined up.

Best for: neoclouds with committed offtake
08
NEW MINING CO. 08 / 11
07 • Why North Dakota

The case is
no longer theoretical.

01

CoreWeave already validated it

Applied Digital is delivering 250 MW of CoreWeave workload about 200 miles from our Langdon site. First 100 MW live Q4 2025. Building two at 150 MW underway. Their campus hits 400 MW. The Red River Valley grid can deliver AI-scale load.

02

Competitive industrial power rates

Interruptible data-center rate through the local co-op. No state corporate income tax. MISO market with deep generation mix and predictable day-ahead prices.

03

Winter is a cooling line item, not a problem

Average winter temperatures deep below zero. Air-cooled containers run all winter without chillers. Lower OPEX. More compute per kilowatt. Lowest natural-disaster exposure in the continental US.

04

Permitting moves here

The state, the co-ops, and the county commissions know how to move a data center through permitting. Our utility permit is already in hand. CoreWeave's own due diligence on North Dakota is done.

NEW MINING CO. 09 / 11
08 • Who we are

Operators,
not landlords.

New Mining Company has built and operated industrial compute sites since 2017. From one megawatt outside Moscow to 65 MW across five sites in North Dakota and Minnesota. Every site was built by the same team that runs it today.

The kilowatt-hours flow through our meters right now, into bitcoin mining containers. Those containers swap out for GPU containers in days. Nine years of 24/7 operations through North Dakota winters means we have already solved the problems your engineering team will spend the first winter discovering.

Denis Slabakov • Founder IEEE Senior Member MIPT 9 years mining ND • MN • 5 sites
65 MW
Operating today
5
US sites
9 yrs
In operation
24/7
Ops on-site
NEW MINING CO. 11 / 11
Ready to move?

Schedule a
site visit.

A 30-minute call is the fastest way to find out if our site fits what you are trying to deploy. After a short NDA, I will send the site package: utility status and rate schedule, outage history, electrical one-lines, aerials, site plans, parcel control, and photos. Site visits can be arranged on short notice.

Book 30-min intro call →

NDA ready upon request

Schedule a call cal.com/new-mining Book 30 min → Email direct ds@nmc.email Send inquiry → Call +1 (347) 417-0345 Direct line →
NEW MINING COMPANY • 20 MW • North Dakota ds@nmc.email • +1 (347) 417-0345 • 2026