Y2x enters into joint venture with cryptocurrency mining specialists to open new facilities across the United States
New York, NY, May 13, 2019 (GLOBE NEWSWIRE) — (via Blockchain Wire) Y2X Digital Solutions (the “Company”), is a joint venture between Y2X and BC Energy Inc, co-founded by Andrew Insignares and Jesse Fastenberg.
The company announced today that it has begun the buildout of its first facility in Western Pennsylvania. The opportunity was created as a response to America’s need for trusted on-soil mining and high-intensity data hosting solutions. Located on the perimeter of a 500MW power plant in a qualified Opportunity Zone, the site provides ample room for expansion. The secure facility will house ASICS and GPUs for cryptocurrency miners as well as provide infrastructure for cloud rendering, AI farms, and machine learning services.
In addition to the data hosting facilities, Y2X Digital Solutions is exploring ways to make productive use of the heat generated by the facility, such as hydroponic green houses and aquaculture. The facility will create a number of new jobs in the community, both during the construction phase and once in operation.
David Shuler, President of Y2X, stated: “High-intensity data hosting and processing is absolutely crucial infrastructure for the 21st century. The future will be driven by technology, and we want to be among the ones building the roads.”
Wysox Township Supervisor, Evan Barnes, added: “Having a technology based company come to the Wysox area further diversifies our township’s job opportunities and continues to grow our local economy.”
Established by a group of experienced financial services professionals, technologists and entrepreneurs, the mission of Y2X is to be the leading technology driven platform that identifies, finances, and incubates the next generation of transformative ideas and businesses globally. Headquartered in New York City, the company’s name and logo signifies its dedication to the Law of Accelerating Returns.
About BC Energy:
Founded by entrepreneurs who are long term miners themselves, BC Energy focuses on developing disruptive technologies in the decentralized ecosystem. The team is driven by their hunger for knowledge and desire to develop forward-thinking solutions that add legitimacy to the space through adoption.
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