Colorado Mining Companies LLP, Partner Update
May 10, 2022
This report will be provided to you by the 10th of each month to keep you informed of Procurement Gap Exceptions (PGE) to monthly distributions. Of course, initially as we get electrical infrastructure ordered and put in place, we anticipate PGE to monthly distributions until about August. As a rule though when we start mining and the 25% reinvestment of monthly revenues kicks in, this will create a permanent PGE; so, this monthly partner update will become a permanent communication device for our partners and is posted to the private partner login section of our website (now live; including all previous partner updates).
Electricity
Our power pole has been installed (see picture). The electric company 3 million watt transformer has not yet been installed. To better accommodate use of space and to better grow into the space available to us we changed spots on the property. Long story short, this works to our advantage, and has had no impact on our overall timelines. This change required us to re-do the electric company easement. Next, this new easement needs to be staked by our surveyor, we then need to mark the location of the electric company transformer, after that the transformer installation will begin.
Miners
Our large order of miners began to arrive over this last month. A majority of the miners worked as expected, and a few did not. We performed remote troubleshooting with the supplier’s technicians in China. The questionable miners have been shipped to the suppliers New York facility for evaluation. In the meantime, miner shipments have been paused so the supplier can determine how to improve quality. Overall, we are impressed with the supplier and their level of support.
We are testing an Artificial Intelligence capability that will, on a miner-by-miner basis, tune the miner to consume less electricity (a cost savings/profit improver) but maintain (or possibly increase) the miner’s output. There is a relationship between heat and the miner’s performance. A miner that is too hot (or too cold) will produce less. Immersion cooling by itself should produce a slight bump/consistency in performance; combine this with an AI that optimizes the voltage consumed by the ASIC chips (144 of them per miner), we can achieve electric cost savings and improved computing output, a win-win for sure.
Timelines
No change in timelines.
Regards,
Mark, Maria, and Leland
Managing Partners
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