DPO created the Cryptocurrency Mining as a Service (CMaaS)™ industry. DPO was formed in early 2020 when our founder realized the growing need for a better solution for the management of electrical load imbalances. These imbalances result from a number of factors, but one of the most important and challenging is the increasing use of renewable power generation sources, such as wind and solar, across the world's power grids. While extremely clean and "green," these sources are also highly variable and unpredictable and can therefore lead to large swings in total power generation depending on time of day, month of the year, and weather. This volatility in output can create meaningful movements in the underlying power prices, making it difficult for power producers of all types to optimize their production and profitability at any given time.
DPO's overriding thesis is that there should never be another underutilized electrical generation asset given the immensely profitable and readily available use case of mining cryptocurrency. Furthermore, because of several specific and unique traits, cryptocurrency mining makes an almost perfect application for these types of uneven and variable power flows. DPO was created to help those companies and asset owners better manage the usage of their asset and maximize both operational efficiency as well as overall profitability.
DPO Founder Profile: Andrew Webber
Andrew has 12 years of NYC-based finance experience in multiple roles at Goldman Sachs (banking), Surveyor Capital and Steadfast Financial (equity investing), and Fortress Investment Group (credit investing). Andrew has extensive experience investing in both debt and equity securities, both publicly-traded and privately-structured bespoke transactions utilizing creative capital structures and investment terms, and across multiple industries. Most recently Andrew has acted as CFO of searCH4power LLC, a crypto-currency mining operation focused around the use of flared gas as an energy source.
Andrew is an expert in financial modeling, financial statement analysis, business strategy, and tax analysis. Andrew has been a guest-lecturer at the University of Iowa on the topic of general finance, and has also guest lectured at Fordham University’s Gabelli School of Business on the relationship between crypto-currency and energy.
Prior to his Wall Street career, Andrew spent four years as an enlisted active duty U.S. Marine, including several years at the Pentagon in a role requiring a Classified-Secret security clearance. Andrew earned a B.B.A. degree (Finance emphasis with Distinction) from the University of Iowa, which he attended making use of the G.I. Bill education benefits after his military service.
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