SunnySide Digital (SunnySide) and Cryptech Options (Cryptech), two wholesale resellers and repair suppliers of digital asset mining and HPC information middle tools, have joined forces to launch Synteq Digital (Synteq).
Synteq Digital goals to serve the wants of the digital mining and HPC industries at scale by increasing the attain of its wholesale digital {hardware} enterprise and launching new companies.
Synteq CEO, SunnySide founder and former CEO Taras Kulyk stated in a press launch shared with Bitcoin: “We’re very excited to create a brand new market participant, Synteq, by combining our respective groups, core values and reputations.” Journal.
“This new entity will present scale and breadth of companies to our enterprise and business scale clients and companions within the HPC and digital mining information middle area. As we proceed to develop new verticals, our management, expertise capabilities and robust The dynamic integration of execution expertise information might be important,” he added.
Synteq’s new companies
Synteq’s new choices embody sourcing, internet hosting and wholesaling enterprise-focused GPU/HPC {hardware}; just-in-time (JIT) information middle consignment components and provides; and an enterprise fleet substitute service mannequin that features cleansing, upgrading and repairing older digital mining {hardware}. physique.
Because it expands into new verticals, Cryptech president, founder and former CEO Joe Stefanelli is optimistic that his new firm will shortly acquire traction world wide.
“I consider Synteq is shortly changing into the worldwide platform of selection for HPC and digital mining information facilities,” Stefanelli stated within the launch. “Our group’s focus is to ship best-in-class companies and options marked by experience, integrity and reliability. “
Synteq’s cope with Bitmain
One in all Synteq’s first new companions might be Bitmain, a frontrunner in China’s bitcoin mining machine manufacturing trade. Synteq will develop into Bitmain’s unique distribution associate in the USA.
“That is the primary time that Bitmain has thanked its companions within the trade,” Stefanelli stated in an interview with Bitcoin Journal. “We’re the primary firm to develop into a Bitmain reseller — they name it a computing energy ambassador.”
Kulyk stated that along with the cope with Bitmain, Synteq will proceed its different present partnerships with Rosseau Immersion and ePIC Blockchain, in addition to SunnySide and Cryptech.
response to trade consolidation
As a result of altering tendencies within the digital mining and HPC industries, SunnySide and Cryptech determined to hitch forces.
“The trade is present process consolidation,” Kurek stated.
“There’s a variety of mergers and acquisitions, and our clients are scaling up and getting larger,” he added.
“We are actually coping with operators who function and management gigawatts of energy and so they need somebody who can ship the companies and options they want in a well timed, dependable {and professional} method.”
Stefanelli clarified that Synteq will not be the results of a merger between SunnySide and Cryptech, however a brand new entity, and he stated that the cooperation between Cryptech and SunnySide feels very logical.
“There’s a variety of synergy between what we do and a variety of overlap with clients,” he stated.
“As people and as an organization, we share a variety of the identical values, we prefer to run our corporations the identical means, and we compete very exhausting with one another,” he added.
“We actually see the advantages of bringing everybody collectively.”
