Milestone Achievement
Cormint has achieved another significant milestone in our expansion with the energization of another tranche of infrastructure, increasing our fleet to 2.75 EH/s of self-mining at our flagship site in Fort Stockton, West Texas.
Technical Specifications
Cormint is innovating across the entire value chain of Bitcoin mining - power, engineering, and capital - in its pursuit to become the lowest cost producer of Bitcoin in North America. The @theMinerMag benchmarking for H1 2024 evidenced that Cormint has achieved that goal while operating a fleet dramatically smaller than the peer set. As Cormint scales, we expect our operating cost competitive advantage to only grow.
More importantly, we are adding scale at a cost per MW that is substantially less than our competition. Lower operating cost and lower cost per MW to deploy hashrate translates into better return on investment in our pursuit of delivering a return to our investors materially in excess of what they could otherwise achieve by a passive investment into Bitcoin.
Next Steps
With substantial FIAT and Bitcoin on hand, Cormint is fully-funded to expand to at least 3.5 EH/s of self-mining in 2024 thereby making full use of the 130MW interconnection and substation capacity at Fort Stockton. The company is actively developing its pipeline beyond Fort Stockton with the goal of having 500 MW under management by 2026.
For more information, please visit www.cormint.com or contact us.
Contact: [email protected]