Hydro66 Confirms Operational Expansion and Efficiency Improvement of Blockchain Infrastructure
Adds 31 PH/s to existing blockchain infrastructure and improves efficiency by 18%
Boden, Sweden--(Newsfile Corp. - September 17, 2019) - Hydro66 Holdings Corp. (CSE: SIX) (OTCQB: HYHDF) ("Hydro66" or the "Company") is pleased to announce that its new ASIC equipment is now fully operational. Following the capital raise announced on July 12th, 2019, and subsequently announced purchase of equipment on July 18th, the Company expected the equipment to be fully operational within 8 weeks, and is delighted to have delivered on this commitment.
This brings the Company's total owned ASIC and GPU capacity up to approximately 50 PH/s using 3.9 MW of power, from the previously disclosed 19 PH/s and 1.75 MW.
The Company continues to develop colocation opportunities and other High Performance Computing Enterprise hosting requests at its data center in Boden.
Alex Johnstone, CFO, stated,
"Adding 160% to our hashrate capacity over the last 12 weeks is a tremendous achievement. Working with a global supply chain during the vacation period was a challenge we met head-on and delivered on our shareholder commitments. It is essential for Hydro66 to maintain investment in blockchain infrastructure and, where possible, improve efficiency at this point in the market cycle. Network capacity continues to grow and Hydro66 remains committed to the provision of infrastructure to this nascent industry."
FOR MORE INFORMATION, PLEASE CONTACT:
Chief Commercial Officer of Hydro66 UK Limited
Director, Corporate Development
Hydro66 owns and operates an award-winning colocation data center in Sweden specializing in High Performance Computing ("HPC") hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at amongst the EU's lowest power prices and within an ISO27001 accredited facility.
Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise colocation data center market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden. www.hydro66.com
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