Austin, Texas, January 20, 2025 – A.R.T. Digital Holdings (OTC Pink Current: CGAC), a leader in transforming electrical energy into accessible computational power for global data processing, is pleased to announce the successful completion of the build-out and commissioning of its digital energy facility near McAllen, Texas. Now fully operational, this milestone highlights the company’s rapid deployment capabilities and commitment to operational excellence in the Digital Energy industry.
The McAllen facility now operates with a 10 MW load in the South ERCOT zone, hosting over 2,700 client-owned, energy-efficient Bitcoin miners. The project is supported by a profit-sharing agreement, aligning the company’s success with that of its clients and further strengthening its partnerships.
With the entire site brought online last week, this project underscores A.R.T. Digital Holdings’ ability to efficiently deliver infrastructure that supports client success.
The facility’s successful commissioning follows the company’s previously announced plans to expand its capacity from 1.5 MVA to 10 MW.
(Read more about the McAllen expansion in our previous press release here).
Greg Bachrach, CEO of A.R.T. Digital Holdings, remarked, "The McAllen facility represents a key milestone in our growth journey. Achieving full operational capacity in such a short timeframe reflects our team’s expertise and dedication to delivering exceptional results for our clients. This success reinforces our leadership in energy-efficient computational technology and sets the stage for scaling our operations to meet growing demand."
Operations at McAllen, Texas Facility (slideshow)
The McAllen project exemplifies A.R.T. Digital Holdings’ strategic focus on scalable, sustainable infrastructure and its ability to provide reliable solutions for the cryptocurrency mining sector.
Looking ahead, the company aims to replicate this success at other facilities, enhance its hosting capabilities, and explore additional infrastructure improvements to deliver even greater value for clients and shareholders.
About A.R.T. Digital Holdings Corp.
A.R.T. Digital Holdings Corp. is a leader in energy-efficient computational technology, dedicated to converting electrical energy into computational output for global data processing. The company develops innovative and sustainable solutions that address diverse needs in the Digital Energy industry, optimizing performance and efficiency in data processing infrastructures worldwide.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements regarding A.R.T. Digital Holdings’ plans, beliefs, expectations, and projections, including but not limited to operations at the McAllen facility and future developments. These statements are based on current expectations, estimates, and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. For a discussion of these and other risks and uncertainties, please review A.R.T. Digital Holdings’ filings with the Securities and Exchange Commission. A.R.T. Digital Holdings assumes no obligation to update any forward-looking statements as circumstances change, except as required by law.
Contact:
Logan Rice
CFO, A.R.T. Digital Holdings Corp.
Email: social@artdigitalcorp.com
Phone: +1 (612) 889-2418
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