Polaris Capital fully acquired the American company Dragon Block, laying out the data center business in the United States

Techub News reported that Polaris Capital announced on February 24th the full acquisition of the American company Dragon Block, officially entering the US data center business.

Dragon Block owns a 9.4-acre land in northwest Dallas, Texas, adjacent to the power grid substation, with convenient transportation and complete supporting facilities. Currently, Dragon Block has signed a long-term power supply contract with Wise Electric Cooperative, enjoying the advantage of low electricity prices in the United States. The data center is scheduled to start construction at the end of March, with the first phase expected to be completed and put into operation by July, with a capacity of 20 MW. In addition, Dragon Block has reached cooperation agreements with many leading mining machine manufacturers and other companies. The expected annual return rate of the data center operation is close to 45%, with a payback period of around two years. In the future, Polaris Capital will continue to increase its investments and layout in the United States to meet the growing global demand for data centers and computing power services. It is expected that within the next three years, Polaris Capital will increase the available capacity to over 150 MW and enhance digital operations to improve mining operation efficiency. At the same time, the company will initiate a U.S. listing plan, leverage the capital market’s support, expand financing channels, and actively expand its global business footprint.