BitFrontier Capital Holdings, Inc. Adds new Crypto Mining Equipment & Additional Board Member
BitFrontier Capital Holdings (OTC: BFCH) announces the acquisition of a new 1,000 kW dry cooler and a 125 kW ASIC mining panel for its North Carolina facility. The cooler will enhance equipment longevity by maintaining optimal temperatures, while the mining panel will streamline power distribution to individual miners with a 42 PDU setup. The company has appointed Tom Ellison as Chief Technical Officer, bringing over 23 years of IT infrastructure experience. BFCH is preparing for active crypto mining and has begun receiving initial miners, with further updates expected soon.
- Acquisition of a 1,000 kW dry cooler to optimize equipment temperature control.
- Purchase of a 125 kW ASIC mining panel to enhance power delivery and management.
- Appointment of Tom Ellison as CTO, expected to strengthen technical infrastructure.
- None.
CRESTVIEW, FL, Oct. 27, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – BitFrontier Capital Holdings, Inc (OTC: BFCH) is proud to announce that we have purchased a new dry cooler that will integrate perfectly with our cutting edge liquid immersion system for our initial flagship facility located in North Carolina. With a 1,000 kW thermal cooling capacity the cooler will allow us to run an extensive assortment of miners and networking equipment allowing for a perfectly controlled temperature to extend the life of devices.
To handle high power demands we have purchased a 125 kW ASIC Mining panel. This power distribution panel will allow us to take 415V 3 phase power and distribute it directly to ASIC miners. This panel has 42 individual PDU(Power Distribution Unit), each cabled with C19 power cables that will be hooked directly to a miner or a power supply. Each PDU is rated for 16 Amps of continuous power at 240v. Utilizing this system will allow for a much faster delivery of power to devices. This will allow for better power management while providing consistency and protection for equipment, Additional ASIC mining panels will be purchased as we continue to scale.
We have also added another new board member, Tom Ellison, who is taking on the role of Chief Technical Officer. A graduate of North Central Texas College, Tom has worked for a number of large companies over his 23-year career designing and implementing I/T infrastructure. His work experience includes, but isn’t limited to, Network Administration, Firewalls such as Checkpoint and Palo Alto, Cisco routers, ISEC, Cisco IOS, IOS-XE, NX-OS, multidimensional Nexus 7000 series switches, N5K/2K switches, VPC, and Aruba Clearpass. His vast knowledge will allow us to better design our mining facilities and infrastructure.
As we move forward, we will be adding other key personnel and equipment as we quickly move towards active crypto mining. As tweeted and pictured yesterday, the company has received initial miners and begun unpacking them for rack mining while we wait for Immersion set up to be built. Additional miners have been purchased and will be coming throughout the end of year and into the 2023 year. Thank you to our shareholders for their continued support, More updates will be forthcoming very soon!
To keep up on further announcements in-between our scheduled press releases, please follow our new twitter account https://twitter.com/bfchstock ,
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's respective filings at www.otcmarkets.com.
Bryan WIlkinson
Bryan@bfchco.com
FAQ
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