Salcido Enterprises, LLC Secures a Long-Term Power Contract, Announces Another Cryptocurrency and Data Server Business Venture
Salcido Enterprises, LLC has secured a long-term land lease, along with a long-term power contract with Douglas County Public Utility District, totaling 7.5MW.
This three-facility build-out begins immediately, and will provide secure Bitcoin and Ethereum cryptocurrency mining, along with data hosting services to both high-density conventional and crypto customers. The contracts leverage the large amounts of affordable hydroelectric power available in North Central Washington to further develop an emerging industry that provides off-site, secure cryptocurrency mining and data hosting to national and international corporations, as well as non-profit organizations.
This latest contract adds to the existing Salcido Enterprises portfolio of cryptocurrency mining data space for a total of 11.5 MW, or app. 115 Petahash available for customer use. The existing data spaces in Chelan County, Washington are at 100% capacity; filled with 4MW of industrial Bitcoin and Ethereum miners.
The current project, Pangborn Data Phase 1, secures 7.5MW of power in Douglas County, Washington and includes a long-term land agreement with the Port of Douglas County. The bulk of this power will be allocated to blockchain and bitcoin technologies.
The long-term lease agreement includes provisions for first rights to adjacent lots on Port of Douglas County property, with Salcido Enterprises currently in the design and planning stages for those data space builds.
In addition to the Port of Douglas County property developments, Salcido Enterprises currently has additional data space development projects which are in the final stages of land and power negotiations. Salcido Enterprises expects to announce these additional project developments in the coming weeks.
These projects complement the existing long-term power contracts already held by Salcido Enterprises in Chelan County, Washington.
“North Central Washington provides the most affordable power in the United States, and some of the lowest cost power in the developed world. At Salcido Group, we are leveraging this inherent asset to further develop an emerging industry. Because of our diversification strategy, we are able to offer customers redundant, low-cost consistent power with the advantage of both property development and facilities management. This allows a variety of industries- from medical organizations, to educational institutions, to corporations, and bitcoin and blockchain technology pioneers- to build and expand their businesses in an incremental, secure, redundant, and affordable way,” explained Salcido Enterprises Managing Member Malachi Salcido.
“The heart of our long-term business strategy is this: we provide land, power, and connectivity for incremental data space solutions at a fraction of the capital cost of conventional data space options currently on the market. Our business slogan summarizes our position best; we are ‘Data Outside the Box’!”
Salcido Enterprises is now establishing pre-sales agreements with both conventional and crypto customers that have immediate high-density redundant power and real estate needs.
More information can be found at: http://www.salcidoenterprises.tech/
Malachi Salcido is the founder and Managing Member of Salcido Enterprises, a data space development & management company headquartered in Wenatchee, Washington. Salcido Enterprises, LLC is controlled by Salcido Group, Inc. As a guiding business principle, The Salcido Group of companies, including The Salcido Connection, Inc., continues to grow their range of expertise and abilities to advance and diversify their business portfolio.