Who We Are

Rich Godwin

Bio

Ryan Gordon

Bio

Jamie Mcavity

Bio

Pierre DePeyster

Bio

Lloyd Will

Bio

Sivan Sud

Bio

Tom May

Bio

Wes Shaw

Bio

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Claire Best

Bio

History

Cormint has grown from humble beginnings of GPU mining in a garage in 2017 to 500MW of ASIC capacity in Texas in 2021. Cormint has built and operated mining facilities containing over 5000 GPUs and ASICs throughout its 4 year history.

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Inside Look

Solutions

Cormint’s Weather Resistant Adaptive Immersion Technology (WRAITH) was designed to provide a stable computing environment in the most inhospitable and volatile climate conditions.

Learn More

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Sustainability

Cormint is committed to building its operations with economic and enivironmental sustainability at the forefront while contributing a positive impact to the grid and the surrounding communities.

News & Blog

Mays Innovation Research Center’s Bitcoin Mining Panel Livestream

https://www.youtube.com/watch?v=bd3ms9QRWx0

Rich Godwin – What Every Bitcoiner Should Know About Electric Power Markets

This is an episode of Compass Live hosted by Compass Mining. In this livestream, Compass discusses the basics of power markets and energy grids and what bitcoin investors should know about them.

Nasdaq.com- Texas Law Creates Legal Clarity For Bitcoin

The bill formally defines virtual currencies and offers individuals and businesses a clear legal environment for bitcoin investment.

All Posts

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Rich Godwin

Co Founder

Former Blockchain Strategy Lead, SEI MSFS, Saint Joseph’s JD, Rutgers

Rich previously worked at SEI Investments as the Blockchain Strategy Lead where he led the development of a decentralized marketplace application for repurchase agreements and securities lending activities. At Cormint, Richard’s primary focus is on power markets. Richard is an expert on the intersection of bitcoin mining and energy markets, and he has developed several power procurement and trading strategies for both NYISO (NY) and ERCOT (TX) power markets.

Richard holds a degree in Psychology from the University of Alabama, a law degree from Rutgers University, and a Master’s in Financial Services from Saint Joseph’s University.

Ryan Gordon

Co Founder

Former VP, Bank of America

Prior to Cormint, Ryan has served 12+ years in various leadership roles at Bank of America in operations and business controls. Ryan was responsible for operational management including process design, process improvement and the expansion of Bank of America’s stateside contact center presence of 1000+ employees.

Ryan’s responsibilities at Cormint include data center design, buildout and mining operations. Ryan has built strong vendor relationships in the mining hardware and infrastructure space that has given Cormint competitive advantages on buildout time and costs.

Jamie Mcavity

Co Founder

Principal and BoD, Knock Inc. Former crude oil futures curve trader (CME)

Jamie began his career as a commodity futures trader at age 23 in 2008, primarily trading the crude oil futures forward curve and other energy products. In 2013, Jamie Left the commodity futures business to build Knock, Inc a B2B SAAS business focused on the apartment industry. Jamie served on the management team and as the lead investor in Knock through 4 fundraises from seed to series A, growing the business to $15,000,000 in ARR and a $150,000,000 series B valuation. After achieving average annual revenue growth over 200%, Knock’s Series A and B were led by one of Seattle’s top VC firms, Madrona Ventures. Jamie still serves on the board of Knock Inc but left the company in 2017 to found Cormint. Jamie is Cormint’s lead investor, CEO and President.

Pierre DePeyster

Co Founder

Former Blockchain Analyst – SEI JD, Rutgers

Pierre was an early bitcoin adopter and advocate after discovering Bitcoin in 2012. Pierre has past professional experience in the traditional financial sector as an analyst for SEI Investments in Oaks, PA including work on their blockchain development projects. Pierre currently serves as Cormint’s EVP and interim CTO.

Pierre holds a degree in economics from Syracuse university and a law degree from Rutgers University.

Lloyd Will

Former director, DB 1973-2013 DB, Enron, Calpine, NRG, Areve, UBS, Manitoba Hydro

Lloyd Will has over 30 years’ experience in both the regulated and deregulated energy industry with extensive knowledge of the regulatory framework for Inter-Connections and Ancillary Services in the USA. He has significant experience with the trading of energy and ancillaries inside and across ISO’s (PJM, NEISO, NYISO, MISO, ERCOT, CAISO, SPP, AEISO & MH) in the USA and Canada. He has a solid operational background obtained as an Electrical Technician Journeyman working in Power Stations at Manitoba Hydro and then entering the Provincial Power Control Center. During the period in the Control Center, he held ever-increasing levels of responsibility as Technical coordinator, Shift Superintendent, Network/Generation Shift Supervisor and Network/Generation Operator. Lloyd has also obtained significant experience in Operational and Management level roles in several large USA merchant generation and trading companies, providing profit and loss responsibilities for Portfolio Economics (Energy & Ancillary Services), Transmission Analysis, Market Integration, Gross Margin Forecasting and Structuring. Lloyd serves on Cormint’s power advisory team.

Sivan Sud

BS & Masters, Mechanical Engineering, Cornell Co-Founder Iko Systems Eagle Scout

Prior to Cormint, Sivan co-founded Iko Systems, where he led the hardware design and commercialization of two plant growing machines. These machines feature climate control and thermal management of high powered LEDs. Sivan serves on the facility design team for Cormint and designed cormint’s proprietary WRAITH immersion module.

Sivan graduated from Cornell University with a BS and Masters in Mechanical Engineering.

Tom May

Former Managing Director & Head of North American power, DB 1982-2013 Enron, Calpine, NRG, Dynegy

Tom has over 35 years of experience in the energy business including 15+ years in generation and power system operations and 15+ years in energy risk management,trading, marketing, structuring, origination and asset optimization. A proven executive leader with a solid record of building successful organizations and achieving impressive commercial results, Tom combines extensive operational experience with a deep understanding of commodity markets and risk management in power, coal and natural gas markets. Tom has served in senior executive roles with Deutsche Bank (Managing Director – head of North American Power), Calpine (EVP Commercial Operations) and NRG (VP Commercial Operations) and held a wide range of management and operational roles across the power sector with Dynegy and Enron. Tom began his career with Ontario Hydro gaining experience in nuclear operations, hydroelectric generation and power systems operations. Tom currently serves on Cormint’s power procurement and trading team and is a member of the advisory board.

Wes Shaw

VP of Engineering

Wes has 10+ years in the technology and data aggregation business with a background spanning from application development to network engineering. Wes has designed and authored artificial intelligence software for major research and development firms and his applications are currently in use by many scientific and defense entities including NASA and USSOCOM. His data object models have been featured in publications by Mitre Corporation and are currently in use by every branch of the United States Armed Forces. Wes has received many awards for his outstanding performance in software development, including the Excellence in Innovation award at Raytheon Company. Wes’ background in securing high value systems has served him and the company well as Cormint’s Director of IT and Networking.

Claire Best

Claire is a finance professional with over twelve years of experience in finance and accounting. Her career has been focused on the energy industry at both public and private companies. She has successfully developed and implemented processes regarding financial analysis and reporting, cost controls, and cash management. Over her career, she has been instrumental in a range of finance functions including debt and equity capital financing, investor relations and mergers and acquisitions, SEC Reporting.

She holds a BBA in Finance from Texas A&M University.