Volato Disrupts $2.4 Billion Market with Patent-Pending Bitcoin Innovation
December 02 2024 - 4:00PM
Business Wire
Volato Group, Inc. (NYSE American: SOAR), a leader in private
aviation innovation, announces a new patent-pending technology that
advances how aircraft generate revenue by repurposing underutilized
aircraft resources for cryptocurrency mining. First filed in 2023,
this innovation has already benefited from significant Bitcoin
price appreciation, reinforcing its potential to turn aviation’s
untapped resources into valuable digital assets.
By default, the system operates using excess electricity
generated during normal flight operations, ensuring seamless
integration with no additional costs or resource demands. However,
the system is designed to dynamically scale up and utilize
additional onboard electricity when spoiled capacity—such as
unoccupied seats or unused cargo space—occurs. This flexibility
allows operators to transform inefficiencies into valuable Bitcoin
assets, maximizing revenue potential while maintaining operational
integrity.
Bitcoin Mining Tailored for Aviation At the heart of
Volato’s invention is its patented use of specialty mining
hardware, optimized to achieve peak performance at high altitudes.
By operating in the cool and energy-rich environment of cruising
aircraft, the system delivers superior efficiency compared to
ground-based mining setups. Aircraft operators can seamlessly
integrate this technology into standard operations, turning
inefficiencies into opportunities without impacting the aircraft’s
primary function.
“Our technology secures a future where aircraft don’t just move
people or goods—they actively create value through advanced
computing,” said Matt Liotta, CEO of Volato. “As Bitcoin adoption
continues to accelerate, this innovation ensures that aviation can
participate in its evolution while leveraging its unique operating
environment.”
Sustainability Meets Profitability Volato’s
patent-pending system aligns with aviation’s growing focus on
sustainability. The revenue generated from Bitcoin mining can
support the purchase of Sustainable Aviation Fuel (SAF) or fund
carbon offset programs, offering a pathway to enhance profitability
while reducing environmental impact. This dual benefit positions
Volato’s technology as an attractive tool for forward-thinking
aircraft operators.
Opportunities for Partners Volato is actively seeking
partners across the aviation and cryptocurrency sectors to refine
and scale this innovation. Partnership opportunities include
validating operational performance, tailoring the system for
specific fleet needs, and exploring broader applications beyond
Bitcoin mining.
“Collaboration will be key to unlocking the full potential of
this invention,” Liotta added. “We welcome partners who see the
opportunity to shape the future of aviation and cryptocurrency
together.”
Broad Applications Across Aviation This technology is
versatile, with applications ranging from private aviation to
commercial and cargo operations. Whether deployed on a smaller jet
or a large transport aircraft, the system adapts to maximize value
generation in every flight scenario. The commercial aviation sector
alone, with a Total Addressable Market (TAM) of approximately
25,600 aircraft, demonstrates the immense scalability of the
system.
Volato’s patent-pending innovation transforms aviation into a
platform for advanced computing, providing a new layer of financial
optimization. With Bitcoin’s significant price appreciation over
the past year and its long-term potential, this technology offers a
unique way to capitalize on underutilized resources. By turning
inefficiencies into Bitcoin assets, Volato is positioning aviation
to lead in the next wave of cryptocurrency innovation.
About Volato Volato (NYSE American: SOAR) is a private
aviation company advancing the industry with innovative solutions
in aviation software and on-demand flight access. Volato’s
proprietary Mission Control software drives efficiency across
operations and supports operators in managing fractional ownership,
charter, and other services. Volato’s Vaunt platform connects
travelers with available private flights, offering a flexible
option for on-demand travel. With a commitment to advanced
technology and customer-focused solutions, Volato is building
scalable tools to elevate service quality and operational
effectiveness in private aviation.
For more information about Volato, please visit
www.flyvolato.com.
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