Next-Gen of Cryptocurrency Mining Farms
Right now the world is basically in the middle of a second gold rush but the thing is it's not gold that people are actually after this time around it's Bitcoin the biggest baddest cryptocurrency on the planet.
Our founders got to know each other by using the same platform for buying and selling Bitcoins. They were fascinated by the technology and wanted to invest their own farm, only to realize all their friends wanted to participate as well.
They invest the first mining farm in Eastern Europe. Since our founding, we have grown tremendously and a lot has happened, but one thing remains constant: We are all strong believers in the future of digital currencies and we love being part of this growing community.
One of the most important factors when it comes to mining is where you do it. You need to pay attention to several aspects: Infrastructure, electricity costs, climate, political stability. Because we want to stay ahead of the market we are constantly scouting new locations. In the past few years we've mastered this process.
Our farm in Sweden is completely hydropowered. Usually renewable energy sources are quite plentyful, so when you are starting a cryptocurrency mining operation or anything else that uses a lot of power, being close to a renewable energy source for example a hydropower dam is extremely beneficial. Because when there's a lot of power and the price of power is good, that's where cryptocurrency miners also want to be.
Geothermal is the only renewable energy source that can provide base load power throughout the year without having to rely on the grid or expensive energy storage. Iceland proves this competitive advantage, with geothermal energy providing energy for many of the world's largest mining facilities.
It's a very optimized mining machine where we've put in all our knowledge and know-how that we've accumulated over the last years and all put it together into one machine. we specifically designed these machines in a way where our design of the data center goes hand-in-hand with the design of the machine. The miners can perfectly fill the space, which means that we have a perfect power density and perfect cooling efficiency.