Decimal Digital Currency Launches Bitcoin Mining Deployment at Wolf Hollow Data Center
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 its expansive Wolf Hollow data center in Granbury, Texas. The massive 300-megawatt data center is owned by Generate Capital, a leading sustainable infrastructure investment and operations platform, and managed by US Bitcoin Corp., which recently announced a merger with public miner Hut on Aug.
Despite the scarcity of crypto mining hosting capacity and rising rates across North America, Decimal has secured an agreement with Generate Capital and US Bitcoin Corp to distribute part of its latest generation, ultra-efficient S19XP Bitcoin miners, which it purchased from Bitmain.
Wolf Hollow was custom 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 throttling capabilities provide the ability to react quickly during periods of high demand that stress the grid and enable power to be allocated to mission-critical uses, such as hospitals.
Roshan Shah, co-founder and CEO of Decimal, commented: “The Decimal team is excited about the launch of this new cryptocurrency mining facility at one of the cleanest and most innovative data centers in the US. Among other lines of business in crypto, Decimal is rapidly expanding its mining operations and entering into new joint venture partnerships, as well as actively seeking merger and acquisition opportunities. We are well positioned to deploy tens of thousands of additional rigs in the near to medium term and intend to dramatically accelerate our growth. We are excited about this new partnership with Generate Capital, US Bitcoin and Hut 8 as we scale our mining platform and geodiversify our decentralized crypto mining.”
Henry Robinson, co-founder and president of Decimal, added: “Bitcoin’s rise to nearly $70,000 attracted many amateur miners looking for 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 period that we were actively able to prepare for a bear market; our business is underpinned by a highly risk-averse strategy. Meanwhile, industry-wide failure to mitigate risk has created great opportunities to significantly 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 the largest developers and operators of cryptocurrency-focused data centers with over 700 megawatts of hosting capacity in operation or under development prior to filing. Compute North filed for Chapter 11 bankruptcy last September, shortly after raising over $300 million at a valuation of over $1 billion.
Decimal was appointed to the Plan Oversight Committee for Compute North Holdings’ bankruptcy proceedings. Decimal digital currency’s responsibilities now include the authority and responsibility to monitor and review the activities of the plan administrator, who manages the assets for distribution. Decimal has the authority and responsibility to supervise and review the activities of the Litigation Administrator 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
decimal group.io
