Thousands of mining servers and all the datacenter infrastructure needed to operate them will be auctioned off in an upcoming public sale of Hyperblock’s property. The company has announced on Thursday, May 14, 2020, that its 20MW Montana, USA datacenter went offline and that it has ceased all cryptocurrency mining operations.
Hyperblock Equipment Public Sale
The senior secured lenders to Hyperblock LLC, Project Spokane and Sean Walsh, will conduct a public sale of the company’s property on June 3, 2020 via conference call (see notice here for details). On auction will be all of Hyperblock’s servers with their PSUs, including: 791 Bitmain Antminer S17 servers, 359 Bitmain Antminer S17 Pro servers, 1493 Bitmain Antminer S17+ servers, 6641 Bitmain Antminer S9 servers, 726 Bitmain Antminer T17 servers, 162 Avalon921 servers and 161 GPU servers.
The auction will also include all of Hyperblock’s datacenter infrastructure, including: 423 Acme Engineering 36″ fans, 30 Grainger/ACME Engineering 42″ fans, 14 ACME Engineering 60″ fans, 8 2,500kVA indoor Switchgear lineups (aka indoor substations), 55 500kVA indoor transformers, 3 750kVA indoor transformers, 3,124 misc PDUs, 339 225A breaker panels, 6 400A breaker panels, 560 (8′ wide, 9′ tall) shelving racks, 6,374 new Delta 2400W PSUs, 374 used Delta 2400W PSUs and 1,420 brand new Delta 2400W PSUs with 10, 16″ PCIe cables soldered on. Additionally included are enough electrical cabling and computer network equipment to run 13,000 servers in about 120k square feet of space.
YouTube Video of Datacenter:
(Note: some of the statistics shown in this video are outdated)
Terms of the Auction
The lenders have the first priority security interest in the property. They may bid for it and credit bid against all or a portion of its secured claim. The property will be sold free and clear of the lenders’ liens and any subordinate security interests in the property. In order to participate in the auction process, each potential bidder must deliver an executed confidentiality agreement and current financial statements or other evidence of the ability to purchase the property.
A qualified bidder will be permitted to perform due diligence by contacting the counsel for the lenders (contact information below). At the Sale, the property will be sold at a public auction to the highest qualified bidder. Higher bids will continue to be entertained until the lenders have determined that they have received the best bid for the property in their sole discretion. The lenders reserve the right to reject all bids and terminate as they may deem proper.
The property will be sold as is, with all faults and without any warranties whatsoever, expressed or implied. No person shall be entitled to any expense reimbursement, brokerage fee, break up fee, “topping,” termination or similar fee or payout from the proceeds of the sale.
The public sale may be postponed. In such event, an announcement of the scheduled sale will be made at the currently proposed date and time of the sale. Check out the notice here for more details.
Attorney Contact Information:
Peter W. Ito
1550 Larimer Street, Suite 667
Denver, CO 80202
Click here for more details.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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