Roshan Shah, a prominent figure in both real estate brokerage and investments, is also booming in the Bitcoin space. Roshan is the Co-Founder and CEO of Decimal Digital Currency, a Bitcoin mining firm established in 2017 and based in Summit, New Jersey. Decimal, which until recently largely operated under the radar, has carved out a strong position in the Bitcoin mining sector. Decimal already operates five Bitcoin mining data centers spread across the United States.
Having raised $20 million dollars – and growing — Roshan plans to significantly expand Decimal’s operations, including internationally. Decimal is acquiring thousands of additional newest generation Bitcoin mining machines to be rapidly deployed, cementing Decimal as a leading firm in the Bitcoin mining industry. In fact, Decimal is now the second largest crypto mining firm in the NYC/NJ market, behind only Cipher Mining, which is headquartered at One Vanderbilt Avenue in Manhattan.
Strategic Expansion and Technological Innovation Position Decimal for Industry Leadership
Decimal is bolstering its mining operations by deploying the industry’s most efficient hardware and firmware available – a strategic decision aimed at lowering its Bitcoin production costs and enhancing Decimal’s competitiveness, particularly as the Bitcoin halving event approaches. The Bitcoin halving typically challenges the financial sustainability of high-cost Bitcoin mining operations, including those who take a wait and see approach leading up to the halving. Decimal has instead gone on the offensive, scooping up mining sites and acquiring thousands of the latest generation mining machines to increase its efficiency and grow its market share. Currently, Decimal produces Bitcoin at greater than a 30% discount to the average miner and is widening this spread.
Decimal SMA (Separately Managed Account)
In addition to their own Bitcoin mining fleet, Decimal deploys and operates mining operations for family offices, high net worth individuals, professional athletes, and even Decimal ‘friends and family’ through its Separate Managed Account offering. Decimal’s SMA clients receive monthly cash distributions, along with highly advantageous tax benefits, while gaining responsible exposure to Bitcoin with baked in downside protection. The Decimal team handles every aspect of mining from initial hardware procurement, energization, hedging, security and risk management, and liquidation strategy on top of daily operational maintenance.
In addition to a well-known NYC multi-billionaire, and several prominent family offices, most recently, a Super Bowl champion NFL quarterback has joined Decimal’s impressive investor roster. The collaboration has brought high-profile attention to Decimal’s venture and showcases the increasing appeal of Bitcoin investments as a prudent component of a diversified portfolio, perhaps more so than a Bitcoin ETF.
Real Estate Acumen Guides Strategic Expansion of Mining Operations
Henry Robinson, Co-Founder & Head of Crypto at Decimal, known in industry circles as a crypto and blockchain savant, has become more outspoken recently. Together in 2016, Roshan and Henry self-funded and custom-built a largescale Ethereum mining GPU farm, marking the genesis of Decimal. Henry was reached for comment and noted that Roshan’s real estate dealmaking has been well chronicled over the years, so it’s of little surprise to see Roshan leveraging his extensive real estate expertise toward the establishment of a diversified portfolio of Bitcoin mining data centers. He further commented that Roshan has taken a methodical approach with Decimal by identifying global locations with exceptionally low power costs, prioritizing sites with underutilized infrastructure capable of supporting growth without straining local resources, and in establishing geographical diversity to mitigate a myriad of concentration-related risks.
Decimal’s purposeful vertical integration and site investments have enhanced Decimal’s position in the competitive cryptocurrency mining field by increasing profitability and reducing risk, as well as making Decimal particularly attractive to the largest publicly traded miners as a smart M&A target. Those firms, such as Marathon Digital and Riot Blockchain, are sitting on hundreds of millions of cash, hundreds of millions more in Bitcoin on their balance sheets, and aggressively looking to make acquisitions.
The Future of Decimal
Decimal Digital Currency is positioning itself for a significant role in the global cryptocurrency mining industry. Their overall strategy demonstrates a careful integration of cutting-edge technology, continuous enhancing of operations, and deep market understanding. With the Bitcoin halving now less than three months away, Roshan is taking a head on approach, leading Decimal with calculated steps towards boosting its market position in a rapidly evolving digital economy.
