What Kind of Clients Seek a Cypto-SaaS Platform?

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. 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 a brief Q&A with Arland Whitfield, Chief Executive Officer of Frontier Mining, a provider of turn-key cryptocurrency miners, co-location and mining management services, about what his firm has to offer. “Arland, you have a SaaS platform,” ventured Moderator Rabin Mahanty, Director at H5 Data Centers. "Joe main street can go there and sign up and say that they want to spend X amount of money, and start mining. So who is using this now? Who is saying, Hey Arland, here’s ten thousand bucks, I want you to mine for me?” “So what we are doing is finding crypto-currencies,” replied Whitfield. “They have value and they can be traded on exchanges. And a client who comes to us and invests money into a solution will expect a return. So we help advise and configure the machines to run a variety of algorithms and give them a currency they can hold onto and invest and trade. The benefit of mining, instead of just going to an exchange and purchasing a coin, is that…