Blockchain Power Corp. (BPC) is at the forefront of the blockchain revolution by unlocking the value of abundant and reliable West Virginia energy for BTC mining.
BPC is already building a scalable BTC mining and data hosting infrastructure, deploying state-of-the-art mobile data centers in strategic locations for rapid and cost-effective hash power expansion.
BPC complements its BTC mining fleet with selected institutional and strategic hosting contracts to accelerate growth of free cash.
During its first year of operation, BPC constructed and activated 2 BTC mining sites in West Virginia. These operational BPC sites provide 15 MW of bitcoin mining and data hosting services.
BPC became a cashflow / EBITA positive enterprise during its first year of operation. BPC’s blended monthly revenue at 15 MW is $820,000 and $9,840,000 annualized. Gross monthly profit net of energy cost is $400,000 and $4,800,000 annualized.
BPC is developing 2 additional sites that will soon bring additional 50 MW online for BTC mining and data hosting services.
BPC LONG-TERM RELATIONSHIPS
BPC has successfully contracted with West Virginia power companies for long-term electricity service agreements at historic low rates, allowing the company to scale up to 650 MW of electric power consumption at multiple WV sites.
Abundant West Virginia energy resources, a reliable highly skilled workforce together with the full support of the West Virginia Department of Economic Development, provide the ideal business climate and power infrastructure to rapidly scale BPC’s mining & data center hosting services business.
BPC has completed two unprecedented power purchase contracts for a combined 650 MW of electric power, having an 8- and 9- year term, respectively.
BPC has already developed two initial BTC mining sites that can scale up to 300 MW of mining operations. BPC is also negotiating 4 additional sites, each with potential for 100 MW of energy capacity with substation expansion.
During the second half of 2022, BPC constructed at activated 2 mining sites with a current initial capacity of 15 MW, each expandable to 100 MW.
BPC has already concluded 4 separate hosting contracts at 15 MW with a blended rate of approximately 7.8 and 8.0 cents per KWH, already activated and hashing.
BPC is placing orders for additional electric transformers and modular data centers to reach 35 MW during Q2. BPC intends to operate minimum 65 MW by year-end 2023.