Business
Press Release from Powerpool
Press Release from Powerpool
About this update from Lokotech Group As
PowerPool is pleased to announce that it has successfully achieved fullhostingcapabilities at its datacenter located in Northern Norway. This milestone marks the completion of infrastructure deployment, systemvalidation, and operational testing, enabling PowerPool to commence fullcommercial operations. The facility is now live and actively running miningequipment supporting both SHA256 and Scrypt algorithms."Reaching full hosting capability in Northern Norway is a major operationalmilestone for PowerPool," said Ruben Gomez, CEO of PowerPool. "Completingdeployment in such a short timeframe while delivering competitive energypricingand a simplified, revenue-based electricity settlement model reflects both theexecution strength of our team and our long-term commitment to buildingreliableand efficient mining infrastructure."Current operational hardware includes:Antminer L9Antminer L11Antminer S21 ProAll listed machines are fully installed, powered, and currently operatingwithinthe PowerPool datacenter.Electricity pricing and billing structurePowerPool is operating with the following electricity rates:USD 0.07 / kWh for SHA256 miningUSD 0.075 / kWh for Scrypt miningElectricity costs will be automatically settled directly from mining revenue,removing the need for customers to manage separate electricity invoices,creditcard payments, or manual settlements.Customer OnboardingCustomers who previously joined the waitlist and confirmed machine allocationsover the past months will be contacted via email in the coming days. Thesecommunications will include payment instructions, allocation confirmation, andonboarding details required to activate their hosting services.This achievement represents a significant operational milestone for thePowerPool project and reflects the successful execution of PowerPool'sdeployment strategy in a strategically important and energy-efficient region.Further updates will be communicated as customer onboarding progresses.Ola Stene-Johansen, CEO of Lokotech Group, added: "It's great to see thedirection Ruben is taking the company and how he continues to grow it withclearexecution and focus. This is what happens when you give a strong leader theindependence he deserves."https://newsweb.oslobors.no/message/665179