Atlas Power

What Atlas Power does

Atlas Power Group LLC is a privately held infrastructure company that develops and operates flexible/interruptible-load, multi-tenant data center hosting facilities across the United States, primarily for Bitcoin mining and GPU-as-a-Service (GPUaaS) applications. Founded in 2022 and headquartered in Butte, Montana (Delaware-incorporated LLC), the company currently operates 624 MW of infrastructure capacity distributed across three owned facilities in Montana (Butte), North Dakota (Williston), and Kentucky (Paducah). Its sites are engineered to power down or dynamically adjust load during electrical demand spikes caused by weather extremes, unplanned interruptions, or insufficient renewable generation, positioning the company as a grid-stabilizing flexible load resource while serving power-intensive compute customers. The company is led by founder and CEO Kevin Washington (also founder of Millennium Power and founding member of Aviation Partners), with a leadership team that includes CFO Michael Facey (formerly PwC power and utilities), President & COO Dylan Thomas (joined 2023), CTO Kit Kerbel (involved since 2022), and Chief of Staff & Treasurer Jared Rothman.

The company's product portfolio consists of Data Center Hosting for Bitcoin mining operators and GPUaaS for distributed high-performance computing workloads, both delivered through a turnkey hosting model that covers facility setup through scheduled maintenance, including repairs, RMA handling, 24/7 physical and internet security, and UL-certified operations. Atlas owns and operates its own data centers rather than leasing third-party facilities, which it markets as protection against cost variability and host renegotiation risk. The company generates revenue through managed-services-style hosting fees charged to enterprise customers under quote-based pricing; specific pricing and revenue figures are not publicly disclosed. Go-to-market is direct B2B enterprise sales targeting large-scale operators requiring 100MW+ facility experience and white-glove service, with no channel partners or self-serve distribution. The firm employs 11-50 people and operates as a founder-controlled entity with no disclosed institutional investors, parent company, or funding rounds.

Strategic momentum is visible: in March 2025, Atlas secured approval for Project Fighting Pike (Critical Data House), a $10 billion data center development in Williston, North Dakota, and signed power-procurement agreements with NorthWestern Energy for Montana facilities as part of a 1.4 GW combined proposal with Quantica Infrastructure and Sabey Data Centers.

Name

Atlas Power

Legal name

Atlas Power Group LLC

Website

https://atlaspower.io

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Atlas Power Group LLC operates 624 MW of owned, flexible/interruptible-load, multi-tenant data center hosting capacity across Montana, North Dakota, and Kentucky, providing turnkey infrastructure primarily for Bitcoin miners and GPU/AI compute customers with grid-stabilizing load management.

Ownership category

akta.pro rank

Product category

Data Center Hosting

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Power Distribution & Switchgear (UPS, PDUs, Busway) (HDABAKAA)

akta.pro secondary industries

Edge Data Center Power & Energy Systems (UPS, Batteries, Microgrids) (HDABAOAG), Power Distribution Units (PDUs) & Rack Power (HDACAJAC)

Keywords

• Data center hosting
• Bitcoin mining hosting
• GPU-as-a-Service
• Flexible load infrastructure
• Enterprise hosting services

Headquarters

HQ city

Butte

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Data Center Hosting Services: Multi-tenant data center hosting for Bitcoin mining and GPUaaS applications. Atlas owns and operates its own datacenters, providing protection against cost variability and renegotiations. Revenue generated from hosting fees charged to third-party miners and GPU computing customers at its facilities in Montana, North Dakota, and Kentucky.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Atlas Power Group LLC is a specialized infrastructure company that develops and operates flexible/interruptible load, multi-tenant data center hosting facilities across the U.S., primarily for Bitcoin mining and GPU-as-a-Service (GPUaaS) applications. The company owns and operates three hosting facilities in Montana, North Dakota, and Kentucky with a combined 624 MW of infrastructure capacity, and provides turnkey hosting services from setup through scheduled maintenance, repairs, and RMA support.

Product overview

Atlas Power Group LLC is a specialized infrastructure company providing flexible/interruptible load, multi-tenant data center hosting across the U.S. for Bitcoin mining and GPUaaS applications. The company operates three hosting facilities in Montana (Butte), North Dakota (Williston), and Kentucky (Paducah) with a combined capacity of 624 MW. Its product portfolio consists of Data Center Hosting for Bitcoin mining operations and GPUaaS for high-performance computing, both supported by turnkey hosting services that handle everything from setup to maintenance with 24/7 security.

Differentiator

Problem solved

Functional benefit

Products and services

• Data Center Hosting for Bitcoin Mining Multi-tenant, flexible/interruptible load data center hosting services for cryptocurrency mining operators. Atlas owns and operates its own datacenters, providing hosting capacity with protection against cost variability and renegotiations.
• GPU-as-a-Service (GPUaaS) Hosting High-performance GPU computing hosting for distributed computing applications such as AI/ML workload processing, giving customers access to GPU resources without upfront capital investment in hardware or facilities.
• Turnkey Hosting Services Comprehensive hosting service covering setup, scheduled maintenance, repairs, RMA handling, 24/7 physical and internet security, UL certified operations, and full insurance, providing a white-glove customer experience for mining and GPU computing tenants.

Quantifiable outcome

• 624 MW of flexible infrastructure capacity available across three U.S. facilities
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• NorthWestern EnergycoreStrategic or Co-development Partner · 17 March 2025Atlas Power Group signed power-procurement agreements with NorthWestern Energy for data center facilities in Montana as part of a 1.4 GW combined proposal with Quantica Infrastructure and Sabey Data Centers. This partnership enables Atlas to secure electricity supply for its Montana data center operations, with developers racing to secure financing and begin construction amid competitive AI-driven data center demand.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Applied Digital: Data center operator that pivoted from crypto mining hosting to AI/HPC GPU cloud services. Closely parallels Atlas's stated strategy of bridging BTC mining hosting into GPUaaS.

Direct peers

• Riot Platforms: Bitcoin mining operator with owned and operated large-scale data center facilities in Texas. Competes with Atlas in self-developed miner hosting with grid-stability partnerships.
• Hut 8: Public Bitcoin mining and data center hosting company with diversified sites. Directly comparable to Atlas in offering multi-site miner hosting with GPU/HPC ambitions.
• CleanSpark: Bitcoin mining operator with owned infrastructure across multiple U.S. states. Comparable to Atlas in operating self-developed facilities and pursuing HPC/AI diversification.
• TeraWulf: Bitcoin mining and HPC hosting operator with owned data center campuses in New York and Pennsylvania. Comparable to Atlas as a self-operated, multi-tenant miner host exploring AI/HPC expansion.
• Crusoe Energy: Operates modular data centers primarily powered by stranded/flare gas, hosting both Bitcoin mining and AI/HPC workloads. Closely comparable to Atlas on the flex-load, dual-use (BTC + GPUaaS) hosting model.
• Core Scientific: Largest publicly listed Bitcoin mining hosting and colocation operator in North America. Directly comparable to Atlas as a multi-tenant miner-hosting provider with power-infrastructure focus, though at significantly larger scale.
• Marathon Digital Holdings: Vertically integrated Bitcoin mining company that also operates third-party hosting services. Comparable to Atlas in offering hosting to miners alongside proprietary operations, with similar exposure to flexible/interruptible load economics.
• Compute North: Pre-petition crypto mining hosting provider with multi-site U.S. footprint. Directly comparable to Atlas's historical position as a third-party miner host.

Broad incumbents

• Sabey Data Centers: Established multi-tenant colocation operator co-partnered with Atlas in the 1.4 GW NorthWestern Energy proposal. Comparable as a peer on data center leasing and Montana presence, though Sabey is more enterprise colocation-focused and less crypto-native.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/atlaspower-llc
• Xx.com/AtlasPow

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atlas Power