INSUBCONTINENT EXCLUSIVE:
Out on the plains of East Texas, not far from Dallas, a company called TMGcore is mining crypto
The company, funded to the tune of $70 million, will be mining multiple cryptocurrencies and is using some unique technology to ensure that
it doesn&t eat up an entire city worth of energy.
&TMGcore will be one of the first companies to utilize 3M Novec fluorochemical coolant at
the heart of an enterprise scale cryptocurrency mining apparatus,& said CEO JD Enright
&The company intelligent mining system uses a Two Phase Liquid Cooling Immersion technology to dramatically decrease cooling costs by up to
90% and lets the company conduct mining operations from anywhere, including the middle of hot and muggy Texas
TMGcore also employs dynamically intelligent mining software that automatically mines the most profitable coin based on realtime market
value and difficulty of access for the most profitable deployment of resources in realtime
Our technology is first-to-market and delivers a transformative approach to crypto mining that stands to fundamentally disrupt the
market.&
The goal is to create mining infrastructure in the US and to prevent overseas control of the various currencies.
&Giving America a
seat at the table is our #1 goal here at TMgcore
Our cooling technology and efficient mining rigs open up more regions of this country to house this type of operation,& said Enright.
The
mine is housed in Plano, Texas inside a 150,000 square foot facility and is capable of a &100 megawatt live power load.& Further, the
company is running custom ASIC chips increase board density and reduce mining costs significantly
In short, it will be one of the highest tech mining facilities in the world.
From the release:
The company has developed a unique use case
with a fluorochemical coolant that delivers smart, safe and sustainable cooling for industrial technology operations
TMGcore will be one of the first companies to utilize this compound at the heart of an enterprise scale cryptocurrency mining apparatus
The company intelligent mining technology uses a Two-Phase Liquid Cooling Immersion technology to dramatically decrease cooling costs by up
The system also dynamically adapts its mining efforts toward the most profitable token at any given time, factoring in real-time market
price, the difficulty of access and hash rate
TMGcore has also developed custom-made ASIC mining boards that result in a 20% increase in token output.
&Leveraging the magic of this
coolant and groundbreaking mining circuitry, we saw a massive opportunity to capitalize on the nascent and highly lucrative mining industry
in a physical, tangible and industrial fashion,& said Enright
&TMGcore seeks to deconstruct the mining monopoly in other countries with an American-made, U.S
driven approach that not only pushes the blockchain ecosystem forward but also creates job opportunities for Texas& fast-growing technology
We understand the importance of the research and development that creates not only innovations but the efficiencies that support the
blockchain industry on a global scale.&
&Texas, more so than many other states in this country, has an abundant supply of energy available
on their grid with available real estate to house such a project,& said Enright
&Cryptocurrency mining has not really been able to take advantage of Texas& energy supply to date because the state is too hot
By utilizing Novec in this Two Phase Liquid Cooling Immersion technology, we have unlocked Texas& potential to mine for the first
time.&
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