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Our Foundation

Monetizing Computational Power

Our mission is to maximize GPU build efficiencies and provide optimized mining solutions in order to generate high returns with calculated allocation of computing power.

Our Locations in Washington:

  • Gold Bar - First 100 GPU facility
  • Sultan - Planned location for facilities 2-5
  • Wenatchee - Planned location for facilities 6-8

Founded in 2017, Coinglomerate offers computation-as-a-service and develops hardware and software mining solutions. Our company has engineered some of the best GPU-based blockchain mining systems, with hours of testing to find the most profitable and stable methods. We launched Coinglomerate to make mining accessible to everyone; with our service anyone can profitably support blockchain networks by investing in optimized and tested mining systems.

Coinglomerate is developing an end-to-end solution that integrates core algorithm softwares, algorithmic switching software, and a mining pool into a single product.

Our software package, AlgoSwitch, is able to utilize data and synergies between these three steps to increase a miner’s income by 15% by utilizing pre-existing algorithm switching technology as well as by reducing fees by 3-5%.


Our team is committed to finding the most cost-effective computing solutions. With the hard work of our founders and the help of investors we plan to grow exponentially. With your help we can build an incredible company.
Click our photos to find out more about us!

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Andrew Mahoney-Fernandes

Operations Officer

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Isaiah Barhoum

Financial Officer

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Cody Ohlsen

Technology Officer

Andrew Mahoney-Fernandes
Operations Officer, Director of Front-End Technology
Andrew is a senior undergrad at the University of Washington studying Business Informations Systems and Informatics. He has a strong background as a developer and has experience monitoring and building complex websites, with several internships to date for various companies and the University of Washington. In addition, He has built multiple mining computers by himself using his knowledge of Linux and scripting to optimize his daily profits. For the upcoming summer, Andrew accepted an internship as a software developer for Liberty Mutual and will continue to offer our team the skills Coinglomerate needs to develop and monetize our applications.

Isaiah Barhoum
Finance & Legal Manager, P.R. Officer
Isaiah grew up in Lynnwood, Washington, and has founded, managed, and sold various companies in the past. He has been involved at an executive level within various industries, including real estate, e-commerce, mobile auto detailing, and event planning. He has studied blockchain tech since the beginning of 2017 and has invested in various cryptocurrencies. He has also built and managed his own GPU rig. His expertise in business strategy and management, as well as technical knowledge within the cryptocurrency industry, will be invaluable to the team.

Cody Ohlsen
Head of R&D, Back-End Developer
Cody works as a software developer at Facebook and holds a Masters in Computer Science from the University of Washington. Additionally, Cody has developed a number of highly profitable cryptocurrency arbitrage and front-running algorithms. Cody helps our team establish fundamentals for Coinglomerate with professional development work and data scraping for of our mining solutions.



Our company focuses on the efficient acquisition, installation, and management of cryptocurrency mining computers. Our team aims to maximize your return by continuously improving our systems.


Proof-of-stake nodes are servers that use deposits of cryptocurrency instead of raw computing power. These nodes provide another revenue stream for your investment and protect you from market fluctuations.


Our team develops mining tools and algorithms to make your hardware do more with less. Our switching algorithms maximize profitability, while our customer interface makes watching your investment easy.


Coinglomerate’s rigs are some of the most cost-effective rigs available to the public. Our parts are carefully tested and sourced from around the globe, giving you the best returns in the mining-service industry.


We offer expertise in the industry to provide high returns on computers set-up at our facilities. Your entire investment is backed by tangible computer hardware and the rights to a portion of generated revenues.


In the event of a downturn in cryptocurrency prices that effects the profitability of mining or nodes, we offer our computing power for various studies and businesses needing cloud or grid computing.


Customers can purchase the rights to a portion of the revenue generated by our computers.


  • Each investment funds the purchase of mining computers for our facilities.
  • Hardware purchases will remain our assets, but revenues will be paid to you for the lifetime of the hardware.
  • If you decide to terminate your contract within the first year we will buyback the hardware at 50% of the initial investment cost.


  • We charge a 25% management fee to cover labor, maintenance, and development costs.
  • A portion of this fee goes towards investments in R&D. This allows us to continue to offer the best returns.
  • The remainder is used to insure your investment. Rest assured knowing that we’ve got you covered.


  • We use our superior system to offer one of the highest ROI in the mining-service industry.
  • Customers receive monthly payouts in a currency of their choosing or can opt to reinvest for increased earnings.
  • At the end of your first year you can continue to house your rig with us or offer it up for company buyback.

We understand the risk of investing in cryptocurrencies which is why we liquidate frequently and pay out monthly dividends to customers and shareholders. We believe the future of mining is more reliable than investing directly in cryptocurrency. Decentralized applications cannot run without large amounts of computing power. Additionally, a market-wide switch to proof-of-stake (PoS) is unlikely because many decentralized networks depend on the computing power from miners. We mitigate any risks by participating in not only mining, but establishing nodes, and developing mining applications and tools that we can use internally and eventually monetize for use by other miners.

It is hard to dispute that blockchain is a revolutionary technology. However, it is not as efficient as many believe. Blockchain is limited to very specific applications and has a bottleneck in computing efficiency; grid-computing (what the blockchain uses) is hundreds, and even thousands of times more computationally intensive than localized systems. We believe this technology has tremendous potential, but has a lot of room to improve.
Cryptocurrencies are a form of digital currency, created and held electronically. Coins aren’t printed like dollars or euros, they’re produced by people and businesses running computers all around the world using software that solves mathematical problems.

Imagine that someone has a dollar. When you give that dollar to someone else you can prove that the dollar was transferred. But, if somebody sends you a digital file, how can you prove that the sender didn’t save a copy of it? It would be the equivalent of being able to print dollars out of thin air. Cryptocurrencies solve this problem by using complex computer software. Miners, like a notary, verify who owns each cryptocurrency coin. No government or individual controls it, nor are the coins printed like paper money. These same miners are rewarded with payouts of cryptocurrency for ensuring the security and reliability of the network. Anyone can become a miner. However, the computer software necessary to run this system has become so complex that only specialized computers can mine profitably.
Mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new coins are released. Anyone with access to the internet and suitable hardware can participate in mining.

Miners use their hardware in a process that involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next group, or block, of transactions on the blockchain and claim the rewards.

These rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released cryptocurrency. Block rewards can be thought of as “minting” new cryptocurrency, whereas transaction fees use existing cryptocurrency.
Coinglomerate chooses to use graphics processing units (GPUs) over more specialized Application-Specific Integrated Circuit Chips (ASICs). Although ASICs are more powerful, they are currently limited to only mining Bitcoin and offer very little resale value after they become obsolete. Bitcoin mining is also much more competitive than GPU mining. Simply put, GPU mining is more profitable and less risky.

For example, If profits decrease and a pivot in operations is necessary, ASIC computers would not provide us resale value or a simple application in other industries. With GPUs, we not only hold plenty of power, but a computer with a high salvage value that could also be transferred to other tasks if necessary such as establishing nodes or grid/cloud computing. This allows our company to have a lot more flexibility and hedge against any possible downturn in the market even if only temporary.

Coinglomerate uses a mixture of newly released Nvidia and AMD graphics cards. We use a mix because buying large quantities of a single card is oftentimes less cost effective. We always try to maximize the amount of computing power we get per dollar. We test each new series so we can fill our facilities with the most up to date technology that passes our highest benchmark ratings.
As with any investment your return is not guaranteed. Investing is inherently risky, especially in a volatile industry like blockchain technology. That being said, our setup has a proven track record; moreover, we have reams of data to verify our profitability.

We can’t promise that your investment will generate a return. But, we can promise that we will invest your funds in the most profitable mining machinery. In addition, our profit-switching algorithm is set to mine the most profitable coins at all times so we can guarantee top performance through flexibility. Not only that, we will go to great lengths to protect your investment.

Since small-cap cryptocurrencies are highly volatile, yet simultaneously profitable to mine, all cryptocurrencies except: Bitcoin, Ether, Litecoin, and Zcash will be liquidated into the aforementioned currencies daily in order to reduce volatility of pending distributions. As such, miner proceeds in unmentioned denominations shall be directed towards an exchange wallet to reduce transaction friction.These holdings will be sold into USD weekly via an exchange, the proceeds then being distributed to customers or retained by the company.
You get to decide! You can specify in your contract whether you want to be paid in cryptocurrency or USD. Due to the variety of coins that can be potentially mined in a given period, payment is to be issued in the following denominations: Bitcoin, Ether, Litecoin, and Zcash at the discretion of Coinglomerate. Simply designate a bank account or cryptocurrency wallet and we’ll pay you in dollars, Bitcoin, Ether, Litecoin, or Zcash. The customer assumes liability if an incorrect wallet address is provided.
No technology company is 100% safe from hacking. Knowing this we have been careful to ensure that both our physical facilities and digital wallets are secure.

Holdings: Mining proceeds are deposited in multiple “hardware wallets,” which are offline encrypted storage devices that are nearly impossible to hack. All cryptocurrencies that are obtained through Coinglomerate’s operations shall be sent to and stored within this wallet for a week at max. Coinglomerate’s holdings will be converted into US Dollars once per week to hedge against any risks and subsequently paid out to customers monthly. To further prevent fraud, accessing these funds require that three out of the five Coinglomerate members are present to input their passkey.

Facilities: We have taken very careful steps to ensure that our facilities are secure at all times with alarm systems and routine monitoring. Our mining computers themselves are protected by multiple layers of firewall protection, and at minimum, require two-step verification to access. If that wasn’t enough we also offer the Coinglomerate Guarantee™ in the event that funds are stolen; any customer funds that are stolen from Coinglomerate are refunded and reimbursed at the expense of the company.
Mining cryptocurrency is not the only source of potential revenue our facilities can produce. If something happens to the market, we have identified the following sources of revenue to be feasible with our projected GPU setup:
  1. Software sensor: Rent out a distributed set of real IP addresses to monitor website uptime and latency. We previously published this example as ping21.
  2. Hardware sensor: Rent out a geographically distributed set of measurement devices to record sensor data on the environment. An example is sensor21, which we cover below.
  3. Software actuator: Rent a distributed set of real IP addresses to benchmark your website’s performance. You’d require email validation to confirm domain ownership to prevent DDOS.
  4. Hardware actuator: Rent drones owned by different operators to mass in a specified location. This is a fun one for movie shoots, drone races, or simply cryptocurrency-powered supervillainry. You’d pay a ground station running something like dronekit-python.
  5. Sensor21: Get paid in Bitcoin for collecting environmental data.
  6. SETI@home: UC Berkley Grid computing Search for Extraterrestrial Intelligence.
  7. Folding@home: Stanford Grid computing researching protein folding, computational drug design and other types of molecular dynamics.
In order to get started we require a minimum investment of $5000. The computers we’re running are some of the best in the industry, and they’re not cheap! To facilitate an adequate level of customer service we want to avoid bringing on too many small customers for the time being.
Payment freedom - It is possible to send and receive cryptocurrencies anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Cryptocurrency users are in full control of their money.

Choose your own fees - There is no fee to receive cryptocurrencies, and most wallets allow you to control how much you pay in transaction fees. Higher transaction fees encourage faster confirmation of your transactions. Fees are not dependent on the amount transferred, so it costs the same amount to send 1000 Bitcoin as it does to send 1 Bitcoin.

Fewer risks for merchants - Cryptocurrency transactions are secure, irreversible, and anonymous. This protects merchants from fraud and fraudulent chargebacks, and protects the identity of the customer.

Security and control - Cryptocurrency users get full control over their transactions. It’s impossible for merchants to charge recurring fees without your explicit permission.

Transparent and neutral - All the transactions to ever exist on a cryptocurrency are readily available on the blockchain’s public ledger; anybody can use and verify this information in real-time. No individual or organization can control or manipulate how a cryptocurrency operates because of its inherent software protocol.
Cryptocurrencies are fully open-source and decentralized. This means that anyone has access to the entire source code at any time. Any developer in the world can verify exactly how a cryptocurrency works. Every transaction and coin ever issued can be cross-referenced by anyone.

What makes cryptocurrencies even more remarkable is that it doesn’t require trust. Traditionally, people would need to trust banks or government institutions to protect and insure their funds. Instead, cryptocurrencies use a heavily peer-reviewed software algorithm which no organization or individual can control, and doesn’t require its users to trust any individual or organization.