Published On: Thu, Jun 15th, 2017

Former Microsoft Engineer Helps Raise $8 Million to Fund Giga Watt Project, an “Airbnb for Bitcoin Mining”

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Giga Watt Token Launch has raised $8 million to democratize access to the Washington state-based crypto mining operation founded by former Microsoft engineer Dave Carlson.
[Note: This is a press release.]
The facility allows anyone to participate in cryptocurrency mining through the WTT token, making attainable what has traditionally been an expensive, resource-reliant endeavor. WTT tokens represent the right to use the Giga Watt processing center’s capacity rent-free for 50 years, to accommodate 1 Watt’s worth of mining equipment power consumption. Token owners can use this capacity to accommodate their own miners or can rent out the WTT token to other users.

Giga Watt’s state-of-the-art facility in Wenatchee allows Bitcoins to be mined for under $600, significantly cheaper than their online purchase price of nearly $3,000. Access to inexpensive energy makes the location particularly economical, especially compared to many East Coast cities where interest in digital currencies is rising rapidly. Launched in partnership with Cryptonomos on June 2, 2017, the 60-day Giga Watt token sale has raised $8 million and counting, with latest statistics available here.
Giga Watt founder and CEO, Dave Carlson, explains:
By tokenizing our mining infrastructure, Giga Watt is finally able to extend our huge economic advantage to anyone …

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