130: Plouton Mining with Ramak Sedigh CEO
Ramak J. Sedigh, CEO of Plouton Mining, has been a life-long entrepreneur across many industries who is bringing his multi-disciplinary talents and track record of success to building N. America’s largest solar-powered bitcoin mining operation in Western Mojave California. Ramak began his professional life in the real estate industry by building a 1900-unit apartment portfolio in the late 1980s. Later, he started, built and sold a successful online tenant screening service with one of the early nationwide criminal databases in the US. Ramak has a BS in Political Science from the University of Houston. Plouton Mining (based in LA), will be North America’s largest solar-powered bitcoin mining facility. Based on 50 acres in Western Mojave, CA, Plouton Mining will implement new sustainable mining practices via solar panels that will allow the industry to continue to grow, while also providing ordinary investors with the opportunity to participate in the process of mining via a security token. The way Plouton Mining will contract with local utility providers will allow for ultra-cheap operating costs when the sun goes down. This will benefit both the project and the utility companies themselves. Because utility companies sell the bulk of their energy during peak hours when demand is highest, they are left with an excess supply during much of the nighttime hours when demand is much lower. Plouton’s next-generation ASIC miners will operate with maximum efficiency, both day and night.