How Does a Data Center Operator Know a Potential Mining Tenant is Legit?

DENVER, CO – Many would say that blockchain is driving the data center conversation, especially in regions such as the Mountain West, where the bitcoin business is booming. And some would go so far as to say that crypto-currency more specifically is driving that conversation. So CapRE’s Second Annual Great Denver Data Center Summit last week featured a panel titled “The Next Chapter: Blockchain, Cryptocurrency and Bitcoin: What are They and How Do They Impact Data Center Design, Construction, Development and Operations?” and the conversation featured some remarks and a question by Moderator Rabin Mahanty, Director, H5 Data Centers about how data center developers should approach crypto-deals. “One of the questions I have as a data center provider, is that we are inundated with a flood of crypto-miners,” he shared. “We get emails from [email protected] saying that he needs a megawatt. Right away. And you’re like, okay, well, what number do I call you at? Then you pass it off. So how do you differentiate from someone like that, the stereotype of blockchain providers, and convince someone that you’re not [email protected]?” Arland Whitfield, CEO of Frontier Mining offered a response to that question. “Our biggest differentiator that we have is a parent company that has been in this business for 25 years. We have staff,” he shared. “This is just another play in our playbook. We host already for clients and this is an extension of that. We’re just helping…