MPark LLC sought to build a state-of-the-art data center specifically designed for cryptocurrency mining. Recognizing the importance of efficient power usage, regulatory incentives, and financial structuring, PIVA was brought in at an early stage to provide strategic guidance, research, and execution.
Challenges & Considerations
- Identifying a cost-effective location with infrastructure support.
- Securing low electricity costs, crucial for mining operations.
- Navigating state incentives & tax benefits.
- Structuring financial models & tax planning to optimize capital investment.
- Ensuring security & scalability for long-term operations.
Our Approach & Key Steps Taken
1. Researching State Incentive Programs
- Conducted a comparative analysis of multiple states for IT infrastructure incentives.
- Identified Missouri as the optimal choice due to:
- Lower electricity prices under state IT development incentives.
- Tax breaks for hiring local specialists.
- Established partnerships with Ameren Electrical Company to secure power agreements.
2. Strategic Financial & Tax Structuring
- Negotiated incentives with state officials to maximize benefits.
- Assisted in securing tax exemptions and rebates for energy-efficient infrastructure.
- Designed a financial model balancing capital expenditures vs. operational costs.
3. Site Selection & Infrastructure Development
- Analyzed land purchase options based on power capacity availability.
- Ensured environmental & zoning compliance.
- Designed a modular facility layout to allow for phased expansion.
4. Power & Energy Optimization
- Partnered with Ameren Electrical Company to guarantee power supply for scalable growth.
- Secured direct access to the power line with step-down multiple transformers, effectively creating a private local substation.
5. Security & Operational Setup
- Developed cybersecurity protocols & physical security measures.
- Built a fully secure, high-performance facility ensuring uninterrupted mining operations.
- Established remote monitoring & maintenance workflows.
Results & Impact
- Successfully launched a 10MW operational facility, fully equipped for cryptocurrency mining.
- Optimized electricity & tax savings, reducing operational overhead.
- Eliminated the need for direct hiring of high-cost specialists, leveraging PIVA’s fractional expertise.
- Accelerated project timelines, enabling MPark LLC to go online faster than industry averages.
Conclusion
Through early-stage involvement, strategic planning, and expert financial architecture, PIVA helped MPark LLC successfully develop a secure, scalable, and cost-efficient cryptocurrency mining data center. Our approach saved significant time and money while ensuring long-term sustainability and growth.
🚀Need expert consulting for your next large-scale data center project? Contact PIVA today!
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