Everything in Observer
Repairs
Business Description
HM Tech LLC, based in Graham, North Carolina, is an ASIC repair specialist and one of North America's longest-running multi-manufacturer bitcoin mining hardware maintenance businesses. Its operating assets were acquired by Synteq Digital in February 2026.
Founded by Gerald Wilkie (who held the President title through the acquisition), HM Tech established its primary facility in Graham, NC, then opened a second, larger facility in Odessa, Texas to meet demand that outpaced the original North Carolina footprint. Across both U.S. locations, the company processed between 2,000 and 2,500 ASIC units per month with a staff of 15 certified technicians. Wilkie also held a leadership appointment on the North Carolina Blockchain Initiative during its 2023, 24 cycle.
HM Tech carries manufacturer certifications covering Bitmain (Antminer series), MicroBT (Whatsminer series), Canaan (Avalon series), Innosilicon, Alpha Miner, and iPollo hardware. Core repair services include component-level PCB diagnosis, reflow and reheat procedures, component reset, warranty-authorized repairs under manufacturer programs, and preventive maintenance. The company served both hosted ASIC fleets (delivering in-house certified repair for co-located client units) and third-party owners submitting hardware for independent service. HM Tech cited a 99.8% uptime rate for hosted fleets, against an industry standard it characterized as approximately 80%.
Beyond break-fix repair, HM Tech marketed premium monthly subscription plans providing clients with guaranteed monthly repair capacity and fixed-margin parts procurement. Fleet refresh packages bundled diagnostics, cleaning, consolidation, repairs, and hardware sell-down, while turn-key lifecycle services covered unboxing through installation, upgrade coordination, and on-site advanced repair. A hardware liquidation channel, backed by an international network of qualified buyers and climate-appropriate warehousing at both U.S. facilities, served miners, data centers, and institutional hardware owners.
On February 9, 2026, Synteq Digital, a hardware procurement, infrastructure, and consulting firm established in 2016, closed the acquisition of HMTech's operating business and specialized repair facilities, along with two Texas data center sites carrying combined expansion capacity of up to 30 MW. Majority consideration was settled in equity, with Horizon Kinetics and FRMO contributing strategic real estate assets to support the transaction. Wilkie joined Synteq as Vice President of Mining Site Development; the majority of HMTech's technical staff transitioned alongside him. HMTech's repair infrastructure now anchors Synteq's new GPU Repair and Refurbishment Division, targeting growing demand for HPC and AI hardware maintenance alongside traditional ASIC repair.
