Carbon-neutral Bitcoin Mining Facility Aimed at Retail Investors Launches in US
LEWES, Del., Jan. 17, 2023 /PRNewswire-PRWeb/ -- Sazmining, a sustainable bitcoin mining platform, announces the launch of its first hydroelectric-powered bitcoin mining facility in Wisconsin. The facility houses 350 mining rigs with 24/7 on-site security and solar-powered backups.
Located next to a man-made dam that captures the natural flow of a nearby river, the facility is powered by behind-the-grid renewable hydropower energy. This is a definitive proof-of-concept to show that, when done responsibly, bitcoin mining can not only greatly minimize any potential impact on the environment, but can also be fully carbon-neutral. Sazmining has the right product-market fit and team dedicated to executing that model.
"We are incredibly proud to be at the forefront of the green energy revolution in the bitcoin mining industry," said Will Szamosszegi, CEO of Sazmining. "Our new facility provides a carbon-neutral source of electricity for our mining operations and is a model for how mining can be managed sustainably as well as a testament to our commitment to make a positive impact on our environment and the economy."
Sazmining has prioritized lowering the cost of entry for retail users as their core revenue model by only taking a small percentage of revenue from what the rigs generate – meaning Sazmining only makes money when their customers do. This aligns with the direct, value-for-value model inherent in the design of Bitcoin. Sazmining also provides the hardware mining rigs at cost to its customers, massively reducing the economic barrier of entry presented by traditionally high mark-ups on mining hardware for retail investors. In full, Sazmining provides a turnkey mining solution, offering the rigs, electricity, and maintenance at cost to its customers.
Sazmining proudly promotes self-custody. With Sazmining, customers mine bitcoin directly into their own wallets, ensuring that they retain full custody of their assets.
"As the demand for bitcoin continues to grow, it is important that we continue to focus on driving innovation in carbon-neutral and carbon-negative processes, not just for the impact this approach has on the environment, but also to stay competitive and provide cost-effective resources for bitcoin miners," shared Sazmining President and COO, Kent Halliburton. "We want retail users to have the same opportunity to become full-time bitcoin miners as the big institutional players in the space. Scaling our services around earning revenue from mining alone incentivizes everyone equally, making joining the Bitcoin revolution simple and profitable."
Sazmining will also soon launch an equity crowdfunding campaign, allowing anyone to invest and hold an interest in the company with as little as $350 USD. Details of this campaign and incentives for investors will be released in the coming weeks.
"At Sazmining, we believe that bear markets are for builders, and the launch of our new facility shows the resilience of bitcoiners who refuse to allow market performance to impact the progress of the industry and the mass-adoption of bitcoin as a global currency standard," added Halliburton.
Sazmining is committed to driving innovation and sustainability in the world of bitcoin mining, and its hydro-powered facility is just the beginning. Stay tuned for more exciting updates from the company in the future that will continue to redefine people's relationship with energy and money.
For media inquiries, please contact Jonathan Duran at (310) 260-7901 or Jonathan(at)Melrosepr(dot)com
About Sazmining
Sazmining is a sustainable bitcoin mining platform that aims to onboard the next million people into the Bitcoin network as miners. With the Sazmining platform, anyone can buy their own mining rig and generate regular passive income from entirely clean energy without the headache of having to set-up, maintain, and run. Sazmining pools customer capital to bulk order discounted mining rigs and negotiate for low-cost, long-term carbon neutral energy contracts. By making bitcoin mining accessible to regular people and relying solely on clean energy sources, Sazmining ensures a bright future for Bitcoin.
Media Contact
Jonathan Duran, Melrose PR, 310.260.7901, [email protected]
SOURCE Melrose PR
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