The startup provides infrastructure service software designed for blockchain data mining, focusing on high-performance computing and server management. Their solution enables companies to achieve reliable and secure data processing at lower power costs, addressing the need for efficient mining operations.
Funding
$13M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Advanced data processing operations, such as blockchain mining and high-performance computing, require significant power and robust infrastructure, leading to high operational costs and complex management challenges. Existing infrastructure may not be optimized for these intensive workloads, resulting in inefficiencies and potential downtime.
Solution
Standard Power provides Infrastructure as a Service (IaaS) tailored for advanced data processing, offering colocation and server management solutions. They focus on delivering reliable, secure, and efficient infrastructure at a low power price, enabling clients to maximize operating uptime and computational density. Their approach includes advanced cooling, efficient modular architectural designs, and access to low-cost power centers. For larger clients, Standard Power can build custom facilities with a Tier III+ data center rating.
Target Audience
The primary target audience includes companies involved in blockchain mining (specifically Bitcoin and other Proof of Work algorithm cryptocurrencies) and high-performance computing applications, including AI and IoT big data processing.
Features
- Colocation services optimized for blockchain mining and high-performance computing applications.
- Custom-built facilities with Tier III+ data center ratings for larger clients.
- Access to low-cost power centers in the United States.
- Advanced cooling solutions, including immersion cooling for high-performance computing.
- Modular architectural designs for efficient space utilization and scalability.
- High-speed internet connectivity and sufficient water for cooling.
- Focus on sites with existing infrastructure or a readily identifiable path to development.
- Use of 100% carbon-free nuclear energy through participation in deregulated generation markets.