Blockchain Tech - (Scaling)

Challenge:

In 2018 a consortium of tech companies focused on blockchain and machine learning products gave birth to a true unicorn; a company with proprietary blockchain scaling technology that enabled it to mine cryptocurrency with greater efficiency than any competition globally. With an immediate nine-figure valuation and impossibly short timelines, the CEO needed to build out this new system in a proof of concept data center (A System 4 challenge) to establish a comfortable “new normal” (future System 3 baseline) at a higher level of performance.

Action:

Taking a System 4 approach, we worked to develop operational strategies for the business that could handle the demands of investors and beat competition to market. We established all performance modeling and financial modeling for mining activities and built transparent operational systems for employees and subcontractors that efficiently communicated information across teams.

Outcome:

We successfully guided our client through the $100+ million-dollar design and construction of a cryptocurrency data center capable of mining any cryptocurrency on the SHA-256 algorithm and of optimizing mining activities in real-time based on difficulty and market demand.

Our client’s facility achieved hash rates outperforming manufacturers specifications of servers by up to 10% and thanks to our efforts our client navigated a successful exit at an attractive multiple within one year of incorporating the company.