2 years ago
Crypto tech steadfast Bitfury said operations person begun astatine its caller Canadian mining site, with capableness expected to scope 16 megawatts by the extremity of the month, and different 12MW to beryllium completed by the extremity of May.
This Sarnia, Ontario, installation joins different Bitfury mining locations successful North America, Norway and the Republic of Georgia. In Canada, the institution has a concern with crypto miner Hut 8 to excavation integer assets successful information centers located successful the state of Alberta.
"North America continues to correspond an attractive, strategical marketplace for Bitfury and integer plus mining astatine large," said Bitfury's Oleg Blinkov, the caput of Data Centers Development & Operations.
Other caller Ontario mining deals see a 140MW project jointly managed by Compass Mining and Red Jar Digital. This statement was announced successful November, with the task projected to beryllium afloat up and moving aboriginal this year.
Competitor Bitfarms, 1 of the largest mining companies operating successful Canada, presently has astir of its facilities located in the state of Quebec.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
Subscribe to The Node, our regular study connected apical quality and ideas successful crypto.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 