Bold

BitFrontier Capital Holdings, Inc. (BFCH), a leading provider of cryptocurrency <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">mining equipment</a> and immersion-cooling <a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/" rel="noopener noreferrer nofollow">hosting</a> centers, has officially announced the launch of its new hosting facility in South <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">Texas</a>. Now fully operational and loaded to capacity, this initiative marks a significant milestone in the company's journey towards sustainable and efficient cryptocurrency mining. Partnering with industry leaders, BFCH has developed a replicable model of hosting that blends immersion cooling with air cooling, setting a new standard for future ventures, according to <a href="https://www.globenewswire.com/news-release/2024/02/20/2832104/0/en/BitFrontier-Announces-New-Hosting-Facility-with-5-year-Power-Commitment.html" rel="noopener noreferrer nofollow">Globenewswire</a>.
CEO Andrew Gilton emphasized the importance of hosting in the company's mission, highlighting the full booking of miner slots under a two-year lease agreement as a testament to the model's success.
A key component of the operation's sustainability is the control over operational costs, primarily <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a>, which constitutes about 80% of the data center's expenses. In a strategic move, BFCH has secured a five-year fixed-price energy agreement with 10NetZero, ensuring a stable and environmentally friendly power supply. 10NetZero's innovative approach to harnessing abandoned natural gas fields not only mitigates environmental impact but also aligns with ESG guidelines, offering a green solution to the energy demands of cryptocurrency mining.
The collaboration between BFCH, 10NetZero, and Digital Carpenters exemplifies a harmonious blend of technology, environmental stewardship, and strategic planning. As the cryptocurrency <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a> continues to evolve, BFCH's innovative approach sets a precedent for the future, promising a sustainable and profitable pathway for stakeholders.

BitFrontier Capital Holdings, Inc. Takes a Bold Step Forward with a New 5-Year Hosting Commitment

Ultramining_Eng

Other articles published on Feb 21, 2024

Daily Market Review: BTC, ETH, APE, IMX, TRX

XRP Price Prediction: Key Factors Driving XRP Bull Run, Including ETF and Ripple v. SEC

Crypto exchange HTX applies for Hong Kong license

WWE digital collectibles on Panini, Sports Illustrated NFT tickets on Avalanche: Nifty Newsletter

MetaMask hits over 30 Million active users – What’s all the fuss about?

Sam Bankman-Fried is back in court, waives conflict of interest for lawyers

Join our free newsletter for daily crypto updates!