Who We Are

Jamie Mcavity

Bio

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Claire Best

Bio

Rich Godwin

Bio

Pierre DePeyster

Bio

Ryan Gordon

Bio

Wes Shaw

Bio

Sivan Sud

Bio

Chris Collins

Bio

Glyn Jones

Bio

Lloyd Will

Bio

Tom May

Bio

History

Cormint has grown from humble beginnings of GPU mining in a garage in 2017 to owning and operating a substantial ASIC facility in Texas in 2021. Cormint has built and operated mining facilities containing over 15,000 GPUs and ASICs throughout its 6 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.

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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

Cormint raises $30,000,000 Series A and 400 BTC in Bitcoin debt to scale West Texas Bitcoin mine

Jamie McAvity Announced as #Bitcoin Miami 2023 Speaker!

Q1 Results

Fort Stockton, Texas - April 6th, 2023 - Cormint Data Systems, Inc. (“Cormint”), an emerging Bitcoin miner focused on mining low-cost Bitcoin at scale while supporting a reliable and renewable power grid, announced today its unaudited financial results for Q1 FY23....

Phase 1 Go Live

Fort Stockton, Texas - December 2nd, 2022 - Cormint Data Systems, Inc. (“Cormint”), an emerging Bitcoin miner focused on mining low-cost Bitcoin at scale while supporting a reliable and renewable power grid, announced today its successful energization of its first 24...

Jamie McAvity Featured as Speaker at Gulf Coast Power Association Workshop: “Bitcoin, Blockchain & Energy Demand”

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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Jamie McAvity

CEO | President | Co-Founder

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

Jamie began his career as a Commodities trader which led to him building and operating a proprietary CME derivatives trading business focused on energy futures. The business delivered outstanding returns in each year of its operation. Building on his passion for technology, Jamie then served on the management team (’13—18) and BoD(’18-’22) of Knock, Inc, a Saas business providing solutions to the US apartment industry. During this tenure, Jamie:

Led 3 rounds of fundraising totaling $5.6MM
Successfully scaled the organization from 5FTE to over 200FTE
Successfully raised $50MM+ in equity and debt
Scaled from pre-product pre-revenue to 2,000,000+ Apartment units under management and $25MM+ in annual recurring revenue
Achieved a $320MM exit to Thoma Bravo backed Realpage, inc.
Delivered a 1,340% gain to investors in the investment rounds he led

Claire Best

Chief Financial Officer

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.

Rich Godwin

EVP, Power | 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.

Pierre DePeyster

EVP, Technology | 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.

Ryan Gordon

EVP, Operations | 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.

Wes Shaw

VP, Engineering

Former Software Engineer, Corestream, AIIS, Raytheon

Wes has over 15 years of experience in the technology and data aggregation business with a background spanning from application architecture and development to network engineering. Wes has designed and authored artificial intelligence software for major research and development firms. His applications are currently in use by many scientific and defense entities including NASA and USSOCOM. His work on object data models has been featured in publications by Mitre Corporation and is currently in use by every major 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 serves him well as Cormint’s VP of Engineering.

Sivan Sud

VP, Product

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

Sivan has a track record of commercializing hardware products utilizing new technologies. At Cormint, he designed the WRAITH immersion module, which has industry-leading value and thermal efficiency.

Previously, Sivan co-founded and led hardware development of two plant growing machines at Iko Systems. As an early employee at R-Zero, he led electrical development of three cutting-edge disinfection products, creating best-in-class performance.

Sivan has Masters and Bachelors degrees from Cornell University in Mechanical Engineering with a focus on product design, manufacturing and entrepreneurship.

Chris Collins

VP, Human Resources

Chris brings a background in education and passion for human capital to Cormint. Prior to joining Cormint worked in Customer Service at Bank of America where he took various leadership positions. Chris has a B.M. in music performance from SUNY Potsdam and has lectured in as Adjunct Professor at the University at Buffalo.

Glyn Jones

VP, Strategy

Glyn is a Finance and Strategy professional with more than 20 years of experience in Institutional Banking. Glyn has held senior roles in Institutional Banking in London, Singapore and Australia including as a Managing Director at Deutsche Bank. Glyn holds a Bachelor Commerce and Bachelor of Arts from University of New South Wales, a Masters in Finance from London Business School, and an Advanced Management Programme from the Booth School of the University of Chicago.

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.

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.

Cormint Data Systems Inc

Privacy Policy

Overview

Cormint Data Systems, Inc (“Cormint”). is committed to protecting the privacy of visitors to our website, www.cormint.com. In this policy, we explain what information we collect and how we use it.

Information We Collect

We collect information when you interact with us, including when you:

Visit our website
Submit a contact form

The information we collect may include your:

Name
Email address

We do not collect any sensitive personal information such as your race, ethnicity, religion, political views or sexual orientation.

How We Use Information

We use the information we collect to:

Respond to your inquiries
Market our services to you
Improve our website

We do not sell or share your personal information with third parties for their own use.

Cookies

We may use cookies on our website to personalize your browsing experience. Cookies are small files that our website transfers to your device's hard drive through your web browser (if you allow) that enables the website to recognize your browser and capture and remember certain information. We use cookies to:

Understand and save your preferences for future visits
Compile aggregate data about site traffic and site interactions in order to offer better site experiences and tools in the future.

We may also use trusted third-party services that track this information on our behalf.

Data Retention

We only retain personal information for as long as necessary to fulfill the purposes outlined in this policy, unless a longer retention period is required by law.

Your Rights

You have the right to:

Know what personal information we have collected about you
Request to have that information deleted
Request that we stop using your personal information in certain ways

To make a request or to ask a question about your personal information, please contact us using the information below.

Changes to this Policy

We reserve the right to modify this privacy policy at any time. Changes will take effect immediately upon posting to our website. We encourage you to review our privacy policy regularly.

Contact Us

If you have any questions about this privacy policy or how we collect or use personal data, please contact us at:

Chairman and CEO

Cormint, Inc.

8409 Winningham Ln

Houston, TX 77055

www.cormint.com

[email protected]

Cormint Data Systems Inc

Disclaimer

Please note that this press release is for informational purposes only and it does not represent an offer to sell or the solicitation of an offer to buy any of Cormint’s securities.

This press release contains a number of forward-looking statements. Words such as “expect,” “will,” “working,” “plan” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements reflect Cormint’s current views with respect to, among other things, future events. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Cormint’s control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to Cormint’s ability to deliver and execute on its strategic plans; Cormint’s ability to maintain free cash flows and increase its operating margins and other risks related to Bitcoin mining.