Based on what I've been hearing from some locals who were working on the site construction is that Cumulus Data is contractually obligated to dedicate a certain percentage of the output of that facility to bitcoin but they're free to do with the remaining resources as they want (hence "big data warehousing" being shopped around).

Construction on the site was halted for several months right after bitcoin tanked. Crews were told it was becuase they were re-evaluating continuation of the project.

The current assumption being sold to the locals is that it won't be 100% bitcoin, just that it was originally built for bitcoin but will now be used primarily as "big data warehousing for companies like Amazon." I'm not buying it and most of the locals just ignore it exists. At least this means a segment of homes around the pad site will finally get city water lines installed so they aren't limited to wells.