The crypto-mining operation anticipates building up to 50 MW by 2022 if the 3-month pilot phase is flourishing, with DPO designing and maintaining the mining operation on behalf of the power producer.
FREMONT, CA: Digital Power-Optimization ("DPO") confirmed it has deployed and effectively operates cryptocurrency mining operations in the United States in collaboration with a primary power generation plant.
As part of the strategy and evaluation of a staged full-scale project, DPO launched a pilot mining operation on May 3rd, using state-of-the-art Bitmain S19 cryptocurrency mining processors and in-place electrical infrastructure. The pilot was erected and operated at no cost to DPO's power generation partner. It can influence future plans for any more bitcoin mining operations at the facility.
"We are thrilled at the success of this first step in this incredibly exciting project. We hope to show how our Cryptocurrency Mining as a Service (CMaaSTM) offering can drive meaningfully higher profitability for their business as compared to alternative offtake options," said Andrew Webber, CEO of DPO. "This 500MW+ facility has one of the lowest generation cost profiles for an asset of its type anywhere in the world, making it exceptionally attractive for crypto-mining. One of DPO's customized pilot mines is the perfect opportunity for our partner to learn and evaluate about how best to approach this strategy without having to commit its own capital."
The pilot mine performed flawlessly throughout its first two weeks of operation, with 100 percent uptime and higher-than-expected production. The crypto-mining process anticipates building up to 50 MW by 2022 if the 3-month pilot phase is flourishing, with DPO designing and maintaining the mining operation on behalf of the power producer.
About Digital Power-Optimization LLC
Digital Power-Optimization LLC is a global energy services company that uses cryptocurrency mining to help power producers get the most out of their energy. DPO has developed an exclusive Cryptocurrency Mining as a Service (CMaaSTM) strategy and structure that aligns its objectives with its partners. DPO is a privately held company.