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Prosperity Digital and terahash.energy join forces with IWB to Revolutionize City Heating in Basel

Basel, Switzerland, June 5, 2024 Prosperity Digital AG (PD) and terahash.energy GmbH (TH) are thrilled to announce a groundbreaking partnership with the Industrielle Werke Basel (IWB) to harness waste heat generated from compute capacity and utilize it to heat the city of Basel more efficiently, marking a significant step towards sustainable urban heating solutions.

In a world where environmental concerns are at the forefront of discussions, this partnership
represents a dynamic shift towards responsible energy consumption and resource utilization.
By merging cutting-edge technology from data centres with energy-efficient solutions, this
innovative initiative aims to address several critical challenges facing Basel and similar
urban areas.

Key highlights of this partnership include:

  • Optimizing Heat Recovery: The data centres operated by PD/TH generate a
    considerable amount of waste heat during their computing operations. With
    advanced technology, this excess heat can be efficiently captured and repurposed for
    heating purposes.
  • Reducing Carbon Footprint: By utilising waste heat for city heating, the
    partnership will significantly reduce the need for conventional heating methods that
    rely on fossil fuels. This shift will contribute to a substantial reduction in Basel’s
    carbon footprint, aligning with global climate goals.
  • Collaboration with IWB: Industrielle Werke Basel (IWB), a leading Swiss utility
    company, will be pivotal in integrating waste heat into the city’s heating infrastructure.
    This collaboration ensures the seamless and sustainable distribution of heat to
    residents and businesses in Basel.
  • Economic Benefits: The project will also create economic opportunities by driving
    innovation and investment in the region. It will attract businesses looking to adopt
    sustainable practices and enhance Basel’s reputation as a forward-thinking city.
  • Community Engagement: PD, TH and IWB are committed to engaging with the
    local community and stakeholders throughout the project’s development.
    Transparency and communication will be key components of this partnership.

Mr. Frederik Vyncke, Chairman of PD, expressed his enthusiasm for the collaboration,
stating, “We are excited to partner with IWB and TH on this transformative project. By
repurposing waste heat for the greater good, we are not only pushing the boundaries of
sustainable technology but also positively impacting the environment and the lives of the
people in Basel.”

Mr. Matthias Fendt, Head of Operations of TH, shared his vision for the partnership, stating,
“We at terahash are deeply honored to work alongside PD and IWB on this transformative
project. This collaboration presents a genuine opportunity to address the challenges of the
European energy transition. By integrating our advanced waste heat recovery technology
with IWB’s infrastructure, we are setting a new standard for urban heating systems. Our goal
is to not only enhance energy efficiency but also to demonstrate the significant
environmental and economic benefits of innovative energy practices.

Mr. Dominik Born, Project Manager of IWB, emphasized the importance of such
collaborations, saying, “Sustainable urban development requires innovative solutions. By
working together, we can create a more sustainable, efficient, and resilient city for our
residents. We are excited to be at the forefront of this project.”

Prosperity Digital, terahash and IWB are eager to embark on this transformative journey
towards a greener, more sustainable future for Basel and beyond. The partnership reflects
their shared dedication to responsible energy consumption and environmental stewardship.
About Industrielle Werke Basel (IWB): IWB is a Swiss utility company based in Basel,
specializing in providing electricity, natural gas, district heating, and other services. They are
committed to sustainable and environmentally friendly energy solutions.

About terahash: terahash.energy specializes in innovative energy solutions using Bitcoin
mining technology to enhance energy efficiency and sustainability. They focus on waste heat
utilization, providing energy management services, and developing intelligent control
systems for mining operations. Their turnkey solutions support the integration of renewable
energy and efficient local heat generation.

About Prosperity Digital: Prosperity Digital is a provider of sustainable data center solutions,
committed to harnessing technology for a greener tomorrow. They focus on innovative
approaches to reduce environmental impact while maximizing the efficiency of computing
operations.

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