Land and Power Secured for 7.5MW Pangborn Data Project

Salcido Enterprises, LLC has secured a long-term land lease, along with a long-term power contract with Douglas County Public Utility District, totaling 7.5MW. This three-facility build-out begins immediately, and will provide secure Bitcoin and Ethereum cryptocurrency mining, along with data hosting services to both high-density conventional and crypto customers. The contracts leverage the large amounts of affordable hydroelectric power available in North Central Washington to further develop an emerging industry that provides off-site, secure cryptocurrency mining and data hosting to national and international corporations, as well as non-profit organizations.

Live Bitcoin News has more on the story here.

Bitcoin/Blockchain/Data Industry's ears pick up on Chelan County PUD's Decision to Increase High-Density Load Rates

In light of the recent decision by Chelan County PUD to increase rates for customers running high amounts of power (over 250kwh / sq. ft. / yr) through their facilities, CoinDesk and TheMerkle.com pick up the story. 

CoinDesk had also reported earlier this year on the decision in front of the organization, as well as some of the impacts existing bitcoin mining operations in the area.

NPR / Northwest Public Radio Report on Chelan County Public Utility District's Rate Hikes

NPR's Tom Banse reports on the recent decision by Chelan County PUD to increase the power rates for bitcoin mining and crypto-currency operators in Washington State. The new rate for high-density load service places the cost higher than conventional commercial industrial and commercial companies are required to pay. Listen below, or read the full article here.

US Urged to Support "Alternative Non-Fiat Currencies" and Blockchain

Representatives from across the country and across the aisle have submitted a bill urging United States to establish a national policy governing the quickly-developing blockchain, bitcoin and "alternative non-fiat currency" technologies that are changing the way money and identities are handled.

Read the full resolution here:

CoinDesk has more on the story:

The Merkle Covers Salcido's Expansion to 115 Petahash Capacity

Discussing the new deal with the Port of Douglas County and the attention Washington State is getting for its cost-effective resources for data mining, TheMerkle.com provides this quote:

“North Central Washington provides the most affordable power in the United States, and some of the lowest cost power in the developed world. At Salcido Group, we are leveraging this inherent asset to further develop an emerging industry. Because of our diversification strategy, we are able to offer customers redundant, low-cost consistent power with the advantage of both property development and facilities management. This allows a variety of industries- from medical organizations, to educational institutions, to corporations, and bitcoin and blockchain technology pioneers- to build and expand their businesses in an incremental, secure, redundant, and affordable way,” explained Salcido Enterprises Managing Member Malachi Salcido. “The heart of our long-term business strategy is this: we provide land, power, and connectivity for incremental data space solutions at a fraction of the capital cost of conventional data space options currently on the market. Our business slogan summarizes our position best; we are ‘Data Outside the Box’!”

— Malachi Salcido, Salcido Group

Read the full article on TheMerkle.com

News BTC Announces Salcido's Newest Project

Salcido's newest three-facility buildout is announced in NewsBTC / Bitcoin News Service. With existing facilities running at 100% capacity, the new facility is inviting customers with immediate data needs to engage this 7.5MW facility for crypto and conventional data arrangements. The new facility will provide high-density data space and real estate with redundant power at a much lower cost than conventional facilities. 

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Read the full article here.

Brexit and Ether Cryptocurrency Effects Converge in Washington at Pangborn Data

Salcido Enterprises' largest project to date, the 7.5MW-facility Pangborn Data, gets covered in this article from Data Center Dynamics. With the instability the British Pound is experiencing due to post-Brexit turmoil, bitcoin and crypto-currency are gaining relative stability. Centers such as Pangborn Data are uniquely positioned to provide reliable, incremental data space at a fraction of the cost often associated with traditional data.

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Read the full article here.

Douglas County PUD Authorizes Service for Pangborn Data

Douglas County PUD took official action at the July 11, 2016 Commissioners meeting to formally authorize and execute the service agreement contract with Salcido Enterprises, LLC for Phase 1 of the Pangborn Data Project.

This is a great step forward and secures the availability of low-cost data space in Douglas County.

White House, US Government and Fintech Sector Come Together

The White House invited major stakeholders of the financial technology sector ("fintech") to meet with branches of the US Government to discuss ways to promote development and innovation in the rapidly-changing fintech sector. The Treasury Department, Small Business Administration, Council of Economic Advisors, Urban Affairs, Justice and Opportunity, US Agency for International Development and more. This exciting development shows the government's interest in working together with private entities to fuel economic and financial development. 

Read more on Bitcoin News Service • Adrienne Harris reviews the meeting on The White House's blog