Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria

A Nigerian startup named Trojan Mining is constructing a hydro-powered installation dedicated to bitcoin (BTC) mining successful the African country, according to a caller report. Over the weekend, Trojan unveiled the instauration of its mining container, locally produced and designed for a 500-kilowatt (KW) bitcoin mining site.

Startup Embarks connected Hydro-Powered Bitcoin Mining Facility Project successful Nigeria

A caller Forbes report by Abubakar Nur Khalil highlights that an African startup, Trojan Mining, is actively engaged successful mounting up a 500 KW bitcoin (BTC) mining facility. This past weekend, the squad showcased their locally-built mining container, designed to accommodate 150 application-specific integrated circuit (ASIC) bitcoin mining units.

“Trojan Mining’s program is to go the starring bitcoin mining workplace successful Nigeria,” stated the company’s CEO, Yassar Siyanbola.

The momentum for bitcoin mining successful Africa is building, particularly successful distant areas wherever powerfulness availability is scarce. Despite ambiguous regulatory frameworks, African crypto miners are leveraging this technology to facilitate affordable and accordant energy successful agrarian zones.

Last year, Gridless, a Kenya-based bitcoin (BTC) mining firm, secured $2 cardinal successful backing from Jack Dorsey’s Block and Stillmark. Siyanbola acknowledged receiving guidance from Rhodium Enterprises’ Marshall Long and Gridless.

Siyanbola and Trojan started with little than a twelve Innosilicon miners and a azygous Antminer S9 portion with a combined hashrate of 296 terahash per 2nd (TH/s) dedicated toward the Bitcoin network.

The study notes that Trojan has different tract planned that aims to beryllium a 1-megawatt (MW) installation with assistance from partners. The startup’s website further discloses that Trojan besides offers mining rig repair and bitcoin mining setup services.

Trojan’s website outlines the team’s strategy revolves astir establishing a mini-hydro works wrong 5 years oregon sooner. This volition render the workplace wholly carbon-neutral and autarkic of the country’s powerfulness grid, Trojan details.

What bash you deliberation astir Trojan crafting a hydro-powered bitcoin excavation successful Nigeria? Share your thoughts and opinions astir this taxable successful the comments conception below.