Bitfury is organizing the largest bitcoin mining data center in North America
Vancouver-based Hut 8 Mining Corp intends to create “the largest bitcoin mining data center in North America.” In this she will be helped by Bitfury, which will supply equipment, software and maintain systems..
At the first stage, it is planned to build 22 datsa centers with a total capacity of 24 MW. At the second stage, 35 more datsa centers with a total capacity of 38.5 MW will be organized.
“Bitfury’s market share, unrivaled computing power and scalability, combined with the Hut 8 board of directors, which former hedge fund manager Mike Novogratz and renowned venture capitalist Bill Ty have agreed to join, will give our company an incredible edge in this highly competitive market.” Hut 8 CEO Sean Clark said.
To bring the project to completion, Hut 8 intends to raise additional funding by placing 13.2 million shares of GMP Securities LP for a total of $ 26 million on the Canadian Stock Exchange..
When all the terms of the agreement are met, Hut 8 is expected to become the largest Bitcoin miner in North America, with a total resource exceeding 60 MW.
This event can serve as an illustration of how far today’s bitcoin mining business has gone from the days when ordinary users could mine cryptocurrency on their home computers. With the creation of similar sites in North America, Northern Europe and Russia, China’s role in the bitcoin mining market will inevitably weaken.
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