turning now to another startup shaking things up. This
edition of cheddar shakers is brought to you by a
D. P. And the Bitcoin mining operator.
Aspen Creek Digital Corporation recently raising eight million in venture
funding. Well today, the company which also goes
by the acronym A. C. D. C
. Is announcing its first solar powered Bitcoin mining center
is now operational. It's located in Western colorado and
is home to the company's self mining operations. A
C. D. C. As the company is
known says the facility marks a first step toward its
mission to become the world's leading renewable Bitcoin mining operator
. So joining me now is the Ceo of Aspen
Creek Digital Alexandra decosta Alexandra. Thanks so much for
coming on. Talk to me more about this new
facility and how your company is using a method that's
different than traditional Bitcoin mining. Hi kristen thanks so
much for having me on. I'm really excited to
talk about asking Creek Digital. So we founded the
company to help stand up new renewable power not only
as a means to provide us with long term cheap
renewable power as a source but also to bring new
renewable power to local communities. And so how are
you going to use this new funding to do that
? So with our funding, not only did we
stand up our six megawatt facility in colorado but it
has also given us the runway to work on our
30 megawatt facility located in texas which is due to
come online at the end of summer as well as
to procure the necessary infrastructure to stand up. Our
third facility which is 100 megawatt facility in west texas
quantify Alexandra if you can just how much this helps
the climate because for years now we've been doing stories
about just the amount of power that it simply takes
to have one Bitcoin transaction, whether that's a trade
, whether that's buying something with Bitcoin, you name
it. And so from a numbers perspective, how
is your company helping? Well I think even more
important than the specific effect it will have on the
Bitcoin mining company. I want to focus on the
effect that it's going to have on renewable power in
general. A C. D. C. Is
helping to stand up over three gigawatts of power over
the next two years. And I think that that's
a really important number because all of the data centers
that we helped stand up are also co located with
brand new renewable power sites that's bringing additional renewable power
to that community. It's not just for our own
consumption. And so as we know beyond just Bitcoin
mining, the capitalization of the renewable power is really
important to you know, kind of the next phase
of power in this generation. So I am curious
just in terms of conversations Alexandra that you're having with
other companies in the Bitcoin in the Cryptocurrency space and
other commitments. Whether or not you think other companies
will be able to follow suit in a way that
is more sustainable and renewable. Absolutely. I really
do. I think to be honest there's a lot
of great work that's already being done in the Bitcoin
mining industry and we should not be selling that short
. But I do think that the move to become
more renewable needs to be an intentional one and there
are those that do it for the environmental reasons like
ourselves, but there's also a real strategic reason for
doing it, which we are very aware of and
being able to control your own power and stand up
new renewable power also enables us as a Bitcoin mining
company to control the most important and the most expensive
input into Bitcoin mining, which is energy. Okay
, so um one facility in colorado, another one
in development in texas and it's my understanding there's a
third one on the way as well, is that
right, correct? We have, as I mentioned
, a power pipeline of over three gigawatts over the
next two years but our first phase is four projects
and so 2022 will be the first three and we're
really excited to see the progress. Any insight as
to where that third one might be? That one
is in west texas and it will be co located
with 200 megawatts of solar. All right, Alexandra
, decosta. Ceo of Aspen Creek digital Alexandra.
Thank you