Decimal Digital Currency Starts Bitcoin Mining Operation at Wolf Hollow Data Center

Decimal Digital Currency Starts Bitcoin Mining Operation at Wolf Hollow Data Center

At the sizable Wolf Hollow data center in Granbury, Texas, Decimal Digital Currency, a major cryptocurrency mining, infrastructure, and technology company, has started its newest Bitcoin mining operation. Generate Capital, a leading, sustainable infrastructure investment and operation platform, owns the enormous 300 megawatt data center, which is run by U.S. Bitcoin Inc., which just announced a merger with public miner Hut 8.

Decimal has a deal with Generate Capital and U.S. Bitcoin Corp to deploy some of its most recent generation, ultra-efficient S19XP Bitcoin mining machines, which it bought from Bitmain, despite the lack of crypto mining hosting capacity and escalating costs across North America.

Wolf Hollow was specifically constructed by Compute North for effective Bitcoin mining despite the scorching summers of Texas. The facility offers grid-balancing and demand response services to the Energy Reliability Council of Texas and is directly connected to the power plant (ERCOT). The flexibility of the data center to quickly respond during periods of high demand that put strain on the grid enables power to be allocated for usage in mission-critical facilities, including hospitals.

Decimal's co-founder and CEO, Roshan Shah, said: "The opening of this new cryptocurrency mining facility at one of the most cutting-edge and hygienic data centers in the country has the Decimal team ecstatic. Decimal is among other crypto companies developing its mining business quickly, forming new joint ventures, and actively looking for merger and acquisition options. We want to significantly accelerate our growth and are well-positioned to deploy tens of thousands of more rigs in the short to medium term. As we expand our mining platform and geodiversify our decentralized crypto mining operations, we are thrilled about this new relationship with Generate Capital, U.S. Bitcoin, and Hut 8."

Co-Founder and President of Decimal, Henry Robinson, continued, "Many inexperienced miners were drawn to the industry when Bitcoin's price surged to around $70,000 in search of quick profits, but they soon learned that mining is frequently a cyclical industry with intricate economics. As Decimal has been in the mining industry for a sufficiently long time, we have had time to actively plan for a bear market; this helps to explain why our operations are so risk-averse. Meanwhile, widespread failures in the sector to reduce risk have generated good prospects to significantly grow our business. Our pipeline of new projects has advanced significantly with Decimal's Wolf Hollow deployment."

Prior to their filing, Compute North, one of the leading developers and operators of cryptocurrency-focused data centers with over 700 megawatts of hosting capacity active or under development, was the developer of the Wolf Hollow facility. In September of last year, shortly after raising over $300 million at a valuation of over $1 billion, Compute North filed for Chapter 11 bankruptcy.

Decimal was chosen to serve on the Plan Oversight Committee for the bankruptcy proceedings of Compute North Holding. The Plan Administrator, who is managing the assets for distribution, is now subject to Decimal Digital Currency's authority and responsibility to monitor and review their actions. Board has the power to ask the Plan Administrator to be fired for "cause," as well as the duty to monitor and evaluate the Litigation Trustee's conduct.

Article credit: Digital Journal

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