Large North American Crypto Miner Giga Watt Launches New Data Centers
Giga Watts launches new data centers to smooth cryptocurrency mining problems
The current cryptocurrency mining business is getting less and less profitable as more coins are mined. This has caused one of the largest cryptocurrency mining solutions company in North America, Giga Watts, to add more data centers to boost the crypto mining communities. The company will build a 5 MW site hosting three Giga pods (explained below) to offer a solution for the B2B customers who are already on board.
The project will see power lines added to the Grant County, Washington which creates a rapport between Giga Watts.
The latest installation of more data centers by Giga Watts is the silver lining in the dark clouds hanging over the company’s reputation in the last few months. The co-founder and now former CEO of Giga Watts, Dave Carlson cited personal reasons to be the cause of his departure from the role of CEO of the company but kept his shares intact.
This has caused a lot of speculation to surround the mining solutions company with the current managing director, George Turner, accepting that the company were facing some issues lately but assured their clients they were working towards resolving these issues.
Giga Watts’s adjustments in the schedule of launches of additional computing capacity, as well as the introduction of an automated tool for mining IT support, resulted in greater efficiencies with less personnel, which triggered news reports of the company’s imminent demise. George said,
“The truth is that we are in trouble, but we are not done fighting to make things right for our clients. We have a very lean, skilled team in place, and we have a workable plan to take care of our clients while making the company profitable. In the interim, we hope that our clients will stand by us, as we strive to satisfy all of our obligations.”
Further speaking on the benefits of the current plans put in place by the Giga Watt team, Turner said they expect to recall the laid off staff in about six to eight weeks’ time to improve the overall response times to clients and increase efficiency in the operations of Giga Watts as the company struggles to keep itself alive.
The Giga Pods and future of Giga Watts strategic plan
The mining company is focusing on improving its mining equipment and create next level mining infrastructure named, Giga Pods. These will be exclusively produced for the Giga Watts in a bid to improve the current profit woes experienced by the firm.
The Giga Pods will have several computers to which customers on the internet can connect to and mine Bitcoin. Each pod is expected to mine about 14 BTC ($91,966) a month. These Giga Pods, as they are called, are also catered toward customers looking for transaction-based high-performance computer services like rendering or remote medicine.
“Giga Pods offer not just a chance to attract a more corporate type of a customer to our Washington state series of locations. With Giga Pod kits, we can reach customers in remote locations that want to build their own sites with a proven solution.” said Dave Carlson, Giga Watt co-founder, and shareholder.
Furthermore, Giga Watts will continue its WTT token-holders’ discounts and token leasing rights as well as improve the overall service pricing steadily increase the returns and reduce the fixed costs as the profitability of Bitcoin mining continues to fall.
Giga Watt will hope its fortunes get better as they continue expansion in Wenatchee, Washington. With the company set to increase its data centers too, the profitability will soon see an uptrend. The company deals with the full cryptocurrency mining services including equipment sales, maintenance and repair, and private blockchain servicing.