Bitmain Reveals Plans for Major Bitcoin Mining Data-Center in Northwestern China

Bitmain, the Bitcoin industry’s second largest mining pool and most popular mining equipment manufacturer, has partnered with investors in China to launch the world’s third most power consumed data center. The company, which currently controls 18.6 percent of the Bitcoin network’s hashpower, plans to build a highly efficient and powerful data center to increase its share of Bitcoin’s hashrate distribution and demonstrate the importance of utilizing renewable energy, such as solar energy, to operate its massive data center. Bitmain Co-CEO Jihan Wu stated: “We have seen that most data....

Bitmain has just announced a partnership with many investors and is in the midst of building a 135-watt data center. The data center will house many different companies and is located in, the province of Xinjiang in China. The entire data center will be made up of 45 different buildings with most sold before construction started. The aim of the new data center is to provide a stable, powerful data center that eliminates many of the wasteful setups Bitcoin and even traditional data centers have now. Jihan Wu, Co-CEO of Bitmain From The Official Release. “We have seen that most data centers....

Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs. Bitmain to Work With Mining Facility Operator Enegix Leading mining equipment producer Bitmain has announced a partnership with Enegix. As part of the agreement, the ASIC giant will host Antminer S19 Pro miners in a 180MW facility operated by Enegix in Kazakhstan, which is one of the largest in the world. Enegix focuses its business efforts on....

For many, Bitmain’s recent announcement of the realization of a major data center in northwestern China served as a reminder of the level of mining centralization in Bitcoin. Although the Beijing-based company will not own the entire complex, and the whole facility will not necessarily be dedicated to bitcoin mining, in theory over half of all hash power securing the Bitcoin network could be concentrated in a single data center. For some, this is reason for concern. If bitcoin mining is dominated by one or even several data centers, these could represent a single point of failure —....

Mining hardware manufacturer Bitmain will no longer ship its products to mainland China. The move is in response to local regulations, the company explained. The announcement follows a prolonged crackdown on crypto mining operations in the country and a recently reiterated wide ban on activities related to cryptocurrencies. Bitmain Stops Mining Rig Deliveries to Mainland China Referring to its commitment to abide by law and regulations in the jurisdictions where its entities operate, mining equipment producer Bitmain announced it terminates deliveries to the People’s....