BearBox LLC, founded by Mr. Storms, and Lancium, co-founded by Mr. McNamara and Dr. Cline, are both innovating in the Bitcoin mining space by linking mining operations with renewable energy sources. Lancium's flexible datacenters aim to optimize energy consumption by adjusting operations based on market prices, while BearBox provides a remote management system for Bitcoin miners. The two companies interacted at a cryptocurrency conference, where potential collaboration was discussed, particularly in exploiting the variable energy outputs of wind farms and managing mining through software developed by Lancium.
Mr. Storms, founder of BearBox LLC, and Lancium co-founders, McNamara and Cline, engaged in discussions about flexible datacenters for cryptocurrency mining and energy efficiency.
Lancium's strategy is to "ramp down" on power during high energy prices and "ramp up" during low prices, maximizing profit through dynamic energy delivery.
In a meeting at a cryptocurrency conference, Mr. Storms shared BearBox specifications with Mr. McNamara, highlighting a potential collaboration in the evolving blockchain energy sector.
By 2019, Lancium was developing software to manage cryptocurrency miners, aligning with the growing trend of integrating renewable energy sources into mining operations.
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