REDIVIDER BLOCKCHAIN ACQUIRES DATA CENTRE AND IMMERSION COOLING FIRM ENERGYX

Publishing Date: Feb 18, 2022

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REDIVIDER BLOCKCHAIN ACQUIRES DATA CENTRE AND IMMERSION COOLING FIRM ENERGYX

PRESS RELEASE: Redivider Blockchain, a privately held data centre company deploying facilities throughout United States Opportunity Zone locations, has announced its plan to acquire the EnergyX business and all related data centre technologies from Red Team, a Texas based investment company. EnergyX offers next-generation data centre infrastructure with a proprietary, high-density single-phased liquid immersion cooling system along with a software platform to manage a network of data centres and fleet management software specifically designed for Bitcoin miners. Designed in partnership with Burns & McDonnell and Boundary Electric, these mobile data centres operate with extreme efficiency in any weather condition with any type of high performance computing power.

The need by Bitcoin miners for energy efficient solutions continues to reach new levels globally. In order to meet this demand Redivider is manufacturing, deploying and operating mobile data centres. This strategy allows for parallel deployments and also helps reduce single-jurisdiction risks that are present in today’s monolithic facilities.

“Acquiring the immersion cooled data centres and software platforms designed by Trevin and his team aligns with our goals for a more robust and secure Bitcoin network and scaling HPC more broadly.” – Tom Frazier, CEO of Redivider Blockchain

“EnergyX is the most advanced, automated and only enterprise grade modular, immersion cooled data centre. The combination of the EnergyX and Redivider teams will deliver amazing innovation for clients, employees, and shareholders.” – Trevin Vaughn, CEO of Red Team Investments

The transaction is expected to close in April 2022 and is subject to customary closing conditions for a transaction of this nature.

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