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SunnySide Digital (SunnySide) and Cryptech Options (Cryptech), two wholesale distributors and repair suppliers for digital asset mining and HPC knowledge middle gear, have joined forces to launch Synteq Digital (Synteq).
Synteq Digital goals to fulfill the wants of the digital mining and HPC industries at scale by rising the attain of its digital {hardware} wholesaling enterprise in addition to rolling out new providers.
“We’re very excited to create a brand new market participant by combining our respective groups, core values, and reputational cache to kind Synteq,” Taras Kulyk, CEO of Synteq and founder and former CEO of SunnySide, stated in a press launch shared with Bitcoin Journal.
“This new entity will present the dimensions and breadth of providers to our enterprise and business scale shoppers and companions within the HPC & digital mining knowledge middle sectors. Our dynamic mix of management, technical energy, and a sturdy observe report of execution expertise can be pivotal as we proceed to develop our new verticals,” he added.
New Companies From Synteq
The brand new choices from Synteq embrace procurement, colocation and wholesaling of enterprise-focused GPU/HPC {hardware}; Simply-In-Time (JIT) DataCenter consignment elements & provide; and an Enterprise Fleet Refresh Service Mannequin, which incorporates cleansing, upgrading and repairing older digital mining {hardware}.
With the enlargement of its new verticals, Joe Stefanelli, Synteq President and founder and former CEO of Cryptech, is optimistic that his new firm will rapidly acquire traction worldwide.
“I see Synteq rapidly changing into the worldwide go-to platform for HPC and digital mining knowledge facilities,” Stefanelli stated within the press launch. “Our group’s focus is on delivering top-notch providers and options marked by experience, integrity, and reliability.”
Synteq’s Deal With Bitmain
One in all Synteq’s first new companions can be Bitmain Applied sciences (Bitmain), a China-based business chief in Bitcoin mining rig manufacturing. Synteq can be Bitmain’s unique distribution companion for america.
“It is the primary time that Bitmain is acknowledging companions within the business,” Stefanelli informed Bitcoin Journal in an interview. “We are the first firm that’ll be a distributor — they name it a Hashrate Ambassador — for Bitmain.”
Except for its take care of Bitmain, Synteq will proceed its partnerships with Rosseau Immersion and ePIC Blockchain amongst different present partnerships from each SunnySide and Cryptech, based on Kulyk.
A Response To Business Consolidation
SunnySide and Cryptech determined to affix forces due to shifting winds within the digital mining and HPC business.
“The business goes via a consolidation,” stated Kulyk.
“There’s a ton of M&A and our shoppers are scaling up and getting greater,” he added.
“We’re now coping with operators which have a gigawatt of energy beneath operation and management, they usually need anyone who can present providers and options on the scale that they want in a well timed vogue with reliability in addition to professionalism.”
Stefanelli, who clarified that Synteq isn’t the results of a merger between SunnySide and Cryptech however a brand new entity all collectively, shared that it felt logical for Cryptech and SunnySide to work collectively.
“There have been numerous synergies between what we each did and numerous overlap with shoppers,” he stated.
“We shared numerous the identical values as people and as firms, we wish to run our firms the identical manner and we have been fairly good competitors to one another,” he added.
“We actually noticed the advantage of bringing everybody collectively.”
