Atlas Cloud Enterprises Inc (OTCMKTS:ATLEF) recently revealed the facility upgrades at its Washington State Grant County Data Centre. The experienced IT service providing company is presently aiming to become the lowest cost producer in the virtual currency mining and blockchain technology field. The company stated that the infrastructure upgrades are progressing as per the schedule.
5.0MW Centre to become dedicated Bitcoin (BTC) mining facility
The 5.0 MW Grant County Data Center of the company is currently undergoing renovations and will be converted into a dedicated Bitcoin (BTC) mining facility. For completing the overall electrical fitting at the facility, ATLEF has already engaged and funded an electrical engineering firm that will do all the refitting at the facility. It will be the responsibility of the utility company to install a suitable transformer at the facility that will match the proposed needs of the place.
The project is expected to be completed as per schedule by the second quarter of this year. Once the project is completed, ATLEF’s Grant County Data Center will start its operations. The facility will utilize 80% of the 3.0MW currently available power. It has a capacity to host around 1,700 ASIC S9 Antminer machines. After the completion of this first phase of facility upgrade, ATLEF plans to start a second phase infrastructure upgrade to add additional 2.0 MW which is expected to complete in the next year.
ATLEF to operate on most cost-effective rates
Since the facility is located on the Grand Coulee Dam on Washington State’s Columbia River, it will be able to get the electricity at provisional rates of around $0.03/kWh. It is one of the most cost-effective rates in the commercial world. With such low electrical rates and capacity of 5.0 MW, the company is planning to become the topmost performer in the sector of cryptocurrency mining.
According to the CEO of Atlas Cloud, Fred Stearman, “The Company is employing innovative designs throughout the current modernization effort with plans for enhanced energy efficiency through electrical load balancing automation, high volume ventilation, and software-based switching systems.” He further added that the designs have been developed to manage the mining operations between the Bitcoin (BTC) and Bitcoin Cash (BCH) based on the gross mining profitability.
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