Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas
On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% low-carbon energy. Bit Mining Pledges $25M to Build a Texas Mining Facility With Bitdeer The Chinese company Bit Mining Limited has been making a number of moves into the cryptocurrency mining industry after the business used to be dedicated to lottery operations.....
Related News
China’s BIT Mining Limited, a major bitcoin mining firm, has invested $25 million to build a data center in Texas.
Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed $9 million. Kazakhstan to Host New 100 MW Crypto Mining Facility Bit Mining announced this week it has entered into a binding investment term sheet with a Kazakhstani entity. The two companies will cooperate on the construction of a new crypto mining facility in the Central Asian republic. The....
The bitcoin mining operation Compute North has announced it is in the midst of constructing a 300-megawatt (MW) data center in Granbury, Texas. According to the mining firm, the data center located near Wolf Hollow Power Plant will be scalable up to 600 MW going forward.
300 MW of Capacity to Start, 600 MW in the Future
On April 8, the blockchain infrastructure and hosting services provider Compute North announced the launch of a new 300-MW bitcoin mining facility in Texas. The TIER 0 data center will be located near Wolf Hollow Power Plant and eventually, the company aims to....
Genesis Digital Assets' new Bitcoin Texan mining center will have a capacity of 300 megawatts. Major U.S.-based Bitcoin (BTC) mining firm Genesis Digital Assets is building a new data center in West Texas. According to the firm’s Nov.1 announcement, the new industrial-scale BTC mining data center will have a capacity of 300 megawatts and will operate using unspecified “sustainable infrastructure.” Its energy will be sourced from the Electric Reliability Council of Texas (ERCOT). As part of the announcement, Genesis co-founder and executive chairman Abdumalik Mirakhmedov emphasized that....
Argo Blockchain pocketed a record revenue of $26 million for the third quarter after mining nearly 600 BTC. Cryptocurrency mining firm Argo Blockchain has just released its Q3 financial report detailing record setting revenues for the period.The London headquartered company reported that it had mined 597 BTC and “BTC equivalents” during the third quarter of 2021. At current prices, Argo’s Bitcoin haul would be worth roughly $36.5 million.As of Sept. 30, the firm had amassed holdings of 1,836 BTC (roughly $113 million at current prices).Argo also reported a gross margin of 120% and a mining....