Big Watt Digital Forms Joint Venture with Consensus Technology Group

Big Watt Digital announced its strategic majority joint venture with Consensus Technology Group. The partnership aims to facilitate hosting agreements with digital asset mining clients for the initial 30 MW of operations at Big Watt Digital's Sully Buttes renewable energy mining facility. Big Watt Digital has plans to expand operations to multiple locations within South Dakota, with significant scaling possibilities in the near future. The JV entity, Dakota Data LLC,  signifies a significant step forward in advancing Big Watt Digital's renewable energy mining capabilities, as the JV will execute hosting agreements with digital asset mining clients and optimize operations for maximum economic returns.

The collaboration between Big Watt Digital and CTG brings together two industry leaders, combining their expertise to drive success. CTG has undergone comprehensive technical diligence led by highly experienced development and construction teams, including the team behind the Merkle Standard mining operation in Washington state. CTG boasts over 1,200 MW of cumulative development experience, having previously managed a total of 45,000 miners and a cumulative hash rate of 5.1 EH/s. This level of meticulous diligence ensures that the Sully Buttes facility meets the highest standards in terms of infrastructure and performance.

Big Watt Digital's mining team will ensure maximum uptime, efficiency, and revenue generation. Leveraging their wealth of experience, the team will implement a proprietary operational framework designed to minimize operating costs and maximize returns. This strategic approach sets the stage for optimized mining operations and increased profitability.

The efficient transaction structure employed by the joint venture mitigates risk and enhances capital partner value and returns. Big Watt Digital and CTG have cultivated long-standing, strategic relationships with the largest original equipment manufacturers (OEMs) in the industry, ensuring access to cutting-edge technology and resources.

"From the JV partnership with Consensus Technology Group we expect significant acceleration of our installation, operations, and revenue growth," said Jeremy Nichele, Co-Founder of Big Watt Digital. "By partnering with CTG's expertise and established relationships, we intend to enhance our positioning to achieve faster and more impactful results compared to traditional market approaches."

South Dakota was strategically selected as the location for Big Watt Digital’s first mining facility; key factors in this decision include the high percentage of available renewable energy, the business-friendly environment, available land and educated workforce. Big Watt Digital is committed to making a positive impact on the local community and estimates this initial facility alone will generate approximately $300,000 per year in local school revenues, in addition to generating local job creation.

The commitment to the joint venture reflects the shared vision of Big Watt Digital and CTG to drive rapid and sustainable growth in the blockchain sector, which is trending towards the use of Renewable Energy Sources (RES) for BTC mining, half of which is already powered by RES. Through their strategic partnership and JV, both companies are poised to capitalize on the immense potential of the Sully Buttes facility, contributing to the expansion and success of the blockchain industry as a whole.

Source: Big Watt Digital media announcement