OREM, UT--(Marketwired - November 30, 2017) - Blue Castle Holdings Inc. is responding to blockchain miners' requests for power with about 500MWe of initial mining capacity. The existing and near term power sources are available at various USA locations. The capacity is to be provided through the Power Block Exchange, a new worldwide exchange for powering blockchain infrastructure. www.powerblockcoin.com
"Earlier this year, we started receiving inquiries from blockchain miners interested in low cost electrical capacity. Not just any electrical capacity, all electricity is not created equal. Blockchain mining power has to be globally cost competitive, readily available and quickly scalable. It also has to have the right power load profile, accompanied with dependable existing infrastructure, at the appropriate locations. It was a great fit for us, we are already doing this type of development," stated Aaron Tilton, President and CEO of Blue Castle Holdings.
Mr. Tilton continued, "We are currently selling the right kind of low cost installed capacity to miners via bi-lateral contracts. Therefore, a good portion of the power can be put to use before our peer-to-peer, spot market Power Block Exchange platform goes live in the 2nd quarter of 2018. 500MWe is roughly enough power to supply the global Ethereum network or about one fifth of the global Bitcoin network."
Power Block Coin LLC is a new division of Blue Castle Holdings, Inc. The management members are energy experts that have run power plant projects or directed energy-related organizations which delivered on a daily basis, more electricity than is currently being consumed by all worldwide cryptocurrency blockchain networks combined.
A Power Block webinar will be hosted December 13, 2017 at 11:00 AM MST. It will provide details to cloud miners, large scale private miners, merchant power providers, large individual miners, hardware suppliers, mobile and stationary data center facility solutions providers as well as members of the media. To register for the webinar click here https://attendee.gotowebinar.com/register/6808971333120660482.
About Power Block Coin LLC and Blue Castle Holdings Inc.
Power Block, a new worldwide exchange for powering blockchain infrastructure, is a new division of Blue Castle Holdings, Inc. Blue Castle Holdings, Inc. is an energy infrastructure development company based in Utah. It is presently developing the leading new nuclear plant project site in the Western U.S. www.bluecastleproject.com
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