New York, NY – (NewMediaWire) – March 16, 2023 – Decimal Digital Currency, a leading cryptocurrency mining, infrastructure, and technology company, has launched its newest Bitcoin mining operation at the expansive Wolf Hollow data center in Granbury, Texas. The massive 300-megawatt data center is owned by Generate Capital, a premier, sustainable infrastructure investment and operating platform, and managed by U.S. Bitcoin Corp., which recently announced a merger with public miner Hut 8.
Despite the scarcity of crypto mining hosting capacity and rising rates across North America, Decimal has secured an agreement with Generate Capital and U.S. Bitcoin Corp to deploy a portion of its latest generation, ultra-efficient S19XP Bitcoin mining machines, which it purchased from Bitmain.
Wolf Hollow was purpose-built by Compute North for efficient Bitcoin mining, despite Texas’ hot summer temperatures. The facility is directly connected to the power station and provides grid-balancing and demand response services to the Energy Reliability Council of Texas (ERCOT). The data center’s curtailment capabilities provide the ability to quickly respond during peak demand times which stress the grid and allow power to be allocated for mission-critical use, such as hospitals.
Roshan Shah, Co-Founder and CEO of Decimal, commented: “The Decimal team is thrilled with the launch of this new cryptocurrency mining facility at one of the cleanest and most innovative data centers in the United States. Among other business lines in crypto, Decimal is rapidly expanding its mining business and entering into new joint venture partnerships as well as actively seeking merger and acquisition opportunities. We are well poised to deploy tens of thousands of additional rigs in the near to medium term and intend to dramatically accelerate our growth. We’re excited about this new partnership with Generate Capital, U.S. Bitcoin, and Hut 8 as we scale our mining platform and geodiversify our decentralized crypto mining operations.”
Henry Robinson, Co-Founder and President of Decimal, added, “The Bitcoin price surge to nearly $70,000 attracted many amateur miners seeking easy returns, but they have since realized that mining is often a cyclical business with very complex economics. Decimal has been in the mining business for a long enough tenure that we were able to actively prepare for a bear market; our operations are underpinned by a very risk-averse strategy. Meanwhile, industry-wide failures to mitigate risk have created sound opportunities to substantially expand our business. Decimal’s Wolf Hollow deployment is a significant step forward in our pipeline of new projects.”
Compute North was the developer of the Wolf Hollow facility and one of largest developers and operators of cryptocurrency focused data centers with over 700 megawatts of hosting capacity operating or under development prior to their filing. Compute North filed for Chapter 11 bankruptcy last September, just shortly after raising over $300 million at over a $1 billion valuation.
Decimal was appointed to the Plan Oversight Committee for Compute North Holding’s bankruptcy proceedings. Decimal Digital Currency’s responsibilities now include authority and responsibility to oversee and review the activities of the Plan Administrator, who is administering the assets for distribution. Decimal has the authority and responsibility to oversee and review the activities of the Litigation Trustee and the authority to seek to remove the Plan Administrator for “cause.”
For more information about Decimal digital, visit decimalgroup.io
Media Details:
Henry Robinson
Decimal Digital Currency
henry@decimalgroup.io
