New Crypto Mining Service Provider to Open a 3.5MW Data Center Facility

EvoBits, a Romanian based Crypto-Mining firm, is upgrading its data center facility to a 3.5MW from 1MW this December. The firm made this announcement during the Vertiv Innovation Summit that took place in Zagreb earlier this month. They will further upgrade to a 12MW facility in the near future in a bid to maximize profits from cryptocurrency mining.

Catalin Balaci, the CEO of EvoBits, noted that his firm’s strategy is a standard data center design as opposed to the commonly used non-standard minimalist architecture. Part of this is due to the ability to scale beyond Bitcoin mining and remain profitable. The firm recently acquired cooling systems from Vertiv to improve its efficiency; these are dubbed ‘Evaporate Free Cooling’ (EFC).

According to Balaci, both the 1MW and 3.5MW facilities are within the same geographic region. The CEO said that expansion plans to the 12MW and ultimately a 16.5M facility will also be around the existing location in Romania.

Future of Crypto Mining

Balaci is optimistic that the crypto mining business is yet to hit its full potential hence a brighter future for EvoBits. In his opinion, the firm targets to operate at 100% capacity to effectively use its data center resources for profit maximization. He went on to do a simple comparison with the non-standard minimalist design and concluded that the EvoBits strategy will start realizing a significant ROI in 3 years.

This new venture cost EvoBits six extra EFC’s giving the energy-intensive nature of mining crypto coins crypto consideration in Romania. Balaci confirmed that high-spec cooling resources will be integrated with the upcoming 3.5MW facility to ensure adequate cooling for 100% crypto mining operations.

The EvoBits strategy in crypto mining may, however, fail to yield the expected results in the 3-year window. Balaci assured stakeholders that this should not be a major issue as the firm has other interests in data provision services apart from the crypto industry. As it stands, its portfolios include a fiber connection investment in Frankfurt as well as an option to host other businesses on the EvoBits data center.