Announcements

Wattum and Enegix Announce Partnership for Ongoing Facility Expansion

June 14, 2021

Resolute to ongoing expansion efforts, Wattum Inc. announces a new partnership with the world’s largest crypto mining data center, Enegix LLC, based in Kazakhstan. The partnership will see the build-out and operation of a 16 MW facility, a commitment totaling $2 million USD.

With construction planned for July 2021, the two industry pioneers are in discussions for the financing and construction of an additional facility, adding another 50 MW to their proactive efforts. The estimated cost of this second facility amounts to $8 million USD.

“Interest in cryptocurrency mining is on the rise, and this partnership with Wattum will extend Enegix’s presence to the US. It will serve as a bridge for US customers while allowing international interest to grow and direct its attention to the many opportunities presented by Kazakhstan.”

- Yerbolsyn Sarsenov, CEO & Cofounder, Enegix LLC.

Because interest in cryptocurrency mining is on the rise as a lucrative investment, Wattum will be providing Enegix with a significant bridge into the US market through this partnership. Extending their reach to enthusiastic customers across the country, Enegix will establish its presence in the US by providing customers with an opportunity to access a reputable data center hosted in a country that has an energy surplus of 4000MW.

Currently operating a 180MW facility in Ekibastuz, Kazakhstan, Enegix is the largest-capacity data center in the world and accounts for more than 2% of the world’s Bitcoin hashrate at full capacity, which sits at 50,000 mining rigs.

This partnership with Enegix LLC cements Wattum Inc’s position as an industry leader in innovative collaboration and hints towards future plans for expansion.

“Wattum is pleased to be working with Enegix, once again collaborating to bring innovation and optimization that contributes to Kazakhstan’s growing recognition as a global Bitcoin mining leader that will revitalize the international Bitcoin industry. This venture will cement Wattum’s position in this developing industry while providing the best possible hosting opportunities to our clients. We have proven ourselves as a proactive organization, consistently making moves to better position ourselves and our partners for long-term growth.”

- Arseniy Grusha, CEO & Founder, Wattum Inc.

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