Edge Data Solutions Introduces the ‘Crypto Arctic Tank 194’ at 2022 Mining Disrupt Conference in Miami Beach

Rhea-AI Summary

Edge Data Solutions Inc. (OTC: EDGS) showcased its new Crypto Arctic Tank 194 at the Mining Disrupt Conference in Miami Beach. This innovative immersion mining solution boasts a 194kW capacity, providing users up to 50% more hashing capacity. Designed for sustainability, the Crypto Arctic Tank minimizes energy consumption and operational costs, while being compatible with various environments. The company partnered with Raptor Power Systems for this project and aims to lead the market in cleantech solutions for crypto mining.

Positive

• Introduction of the Crypto Arctic Tank 194, featuring 194kW capacity and up to 50% more hashing capacity.
• Partnership with Raptor Power Systems enhances industry credibility and expands market reach.
• The product addresses sustainability concerns in crypto mining, potentially attracting environmentally-conscious investors.

Negative

• None.

Demos of New ‘Sustainable Mining Solution’ Provided at Booth No. 56 on July 28

MIAMI BEACH, Fla.--(BUSINESS WIRE)-- Edge Data Solutions Inc. (OTC: EDGS), an edge data center, crypto mining and cloud infrastructure provider, is joining its partner Raptor Power Systems in introducing the new EDGE “Crypto Arctic Tank 194,” a first-of-a-kind 194kw sustainable, immersion mining solution, at the 2022 Mining Disrupt Conference in Miami Beach. The Crypto Arctic Tank 194 provides users up to 50% more hashing capacity with the highest-density power-distribution unit and the highest-efficiency fluid on the market, EDGE FLUID VHP 1200. Raptor has chosen EDGE as its exclusive immersion partner for crypto mining and enterprise data center solutions.

EDGE's Crypto Arctic Tank 194 (Photo: Business Wire)

Demos of EDGE’s Crypto Arctic Tank will be provided at 2 p.m. at exhibition booth No. 56 at the conference, which takes place at the Miami Airport Convention Center, 711 NW 72nd Ave, Miami, Fla., 33126.

Additionally, at the event, EDGE President and Co-Founder Daniel Wong provided a keynote presentation yesterday, titled: “Immersion Cooling: The Future of Sustainable Mining.” Following this, at 4:15 p.m. Thursday, Wong will participate in a panel discussion titled “High on Hash.”

EDGE’s Crypto Arctic Tank is a first-of-a-kind turnkey solution to a sustainability mining problem. It helps future-proof crypto operations by providing miners with the scalable, sustainable system they need to accommodate future business growth. Its versatility to operate in a complete spectrum of environments and to integrate seamlessly with existing equipment enables operators to deploy this technology anywhere around the world, from container units to industrial buildings.

“EDGE is proud to fulfill its mission as cleantech leaders,” said Delray Wannemacher, Edge CEO and Co-Founder. “EDGE’s Crypto Arctic Tank is the industry’s first efficient liquid immersion solution, which future-proofs crypto operations by enabling miners to minimize energy consumption and operational costs while maximizing profitability. We are proud that EDGE’s multi-disciplinary team, together with its partners at Raptor Power Systems, is bringing together the best minds from all generations to provide the industry with the highest level of enterprise standards.”

Added EDGE President Wong: “The disruption of the financial sector with blockchain technology is continuing to push the envelope of computing cooling technology to optimize the hash capacity without sacrificing machine life. EDGE’s first-of-a-kind solutions provide the best overclock performance free of hash rate peaks, while giving the blockchain community a unique opportunity to lead the world in next-generation cooling technology. EDGE looks forward to continuing to pave new paths for the industry in sustainable mining and cleantech.”

Some background on the issues: In today’s energy crisis, crypto mining is frowned upon for its high energy consumption and its negative impacts on the global carbon footprint. “Air-cooled” Bitcoin mining is the basic, traditional method of managing the heating and cooling of mining rigs with fans and air. On the other hand, “immersion-cooled” Bitcoin mining more efficiently uses circulation pumps and special liquids designed to work with electronics instead of air. It enables miners to reduce their energy consumption and operational costs by removing the heat generated by the hashboards which are used to anonymously pass crypto transaction information.

Specifically, the Crypto Arctic Tank is differentiated from other solutions on the market today because it:

• Provides a 194kw crypto mining solution, nearly 50kw more than others available today
• Enables miners to achieve up to 50% more hashing capacity. "Hashrate" refers to the total combined computational power used to mine and process transactions on blockchains, such as Bitcoin and Ethereum
• Offers a user-friendly, turnkey solution which runs quietly and seamlessly from any location, wherever it’s needed in the world, while integrating with existing equipment

EDGE’s proprietary Edge Performance Platform enables it to deploy next-generation edge data centers from any location, providing the industry’s most advanced immersion cooling technology that improves performance and reduces energy costs and latency. The company is noted for its next-generation technology that serves more computing power for a variety of high-performance computing applications, such as crypto mining, public and private cloud providers, data centers, high-performance computing providers, virtual desktop infrastructure providers, telecom, cybersecurity and disaster recovery providers, streaming providers, artificial intelligence innovators, colleges, hospitals, governments, and enterprise blockchain.

Beyond EDGE’s leadership in crypto mining, the company also is transforming the global infrastructure of technology, enabling chip manufacturers and technology companies to develop solutions that rely on high-density computer power.

About EDGE Data Solutions Inc.

EDGE Data Solutions Inc. (OTC: EDGS), Edge is an industry-leading edge data center, crypto mining and cloud infrastructure provider. Edge’s proprietary Edge Performance Platform enables it to deploy next-generation edge data centers where they are needed most. Its data centers provide sustainable immersion cooling technology that maximizes performance and reduces energy costs and latency. The company is distinguished for its next-generation technology that serves more computing power for a variety of high-performance computing applications, such as crypto mining, public and private cloud providers, data centers, high-performance computing providers, virtual desktop infrastructure providers, telecom, cybersecurity and disaster recovery providers, streaming providers, artificial intelligence innovators, colleges, hospitals, governments, and enterprise blockchain.

More information is available at https://edgedatasolutions.io/.

About Raptor Power Systems

Raptor Power Systems is a manufacturer of power distribution units (PDUs), breaker panels and other key electrical components for crypto farms, data centers, industrial automation, military applications and more. Raptor has installed over two million outlets for crypto farms and data centers over the last four years. Raptor products are designed, manufactured, and supported in the USA. https://raptorpowersystems.com/

Editor’s Notes: Interviews and images are available upon request. Media demos will be provided at Booth No. 56 during the conference upon request.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements, including those risks and uncertainties described in our filings with the U.S. Securities and Exchange Commission, including our most recent reports on Forms 10-K, 10-Q and 8-K, and any amendments thereto. Therefore, current and prospective security holders are cautioned that there also can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation or warranty by Edge Data Solutions or any other person that the objectives and plans of Edge Data Solutions will be achieved in any specified time frame, if at all. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” or “continue” or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. In evaluating these statements, you should specifically consider various factors. These and other factors may cause our actual results to differ materially from any forward-looking statement. We undertake no obligation to update any of the forward-looking statements after the date of this press release to conform those statements to reflect the occurrence of unanticipated events, except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220728005878/en/

NewStar Media

Jolie Balido or Kris Conesa

jbalido@newstarmedia.com and kconesa@newstarmedia.com

(305) 975-5934

Source: Edge Data Solutions Inc.

FAQ

What is the Crypto Arctic Tank 194 introduced by EDGS?

The Crypto Arctic Tank 194 is a sustainable immersion mining solution with a capacity of 194kW, offering up to 50% more hashing capacity.

Where was the Crypto Arctic Tank 194 showcased?

It was showcased at the Mining Disrupt Conference in Miami Beach on July 28.

How does the Crypto Arctic Tank 194 improve efficiency in crypto mining?

The tank reduces energy consumption and operational costs while increasing hashing capacity, making it a more sustainable option for miners.

What is the partnership between EDGS and Raptor Power Systems about?

Raptor Power Systems has chosen EDGS as its exclusive immersion partner for crypto mining and enterprise data center solutions.