Bitfury to set up largest mining centre in North America

Hut 8 Mining corp. and Bitfury will set up largest Bitcoin mining datacenters in North America
05 December 2017   2191

Hut 8 Mining Corp. announced on Monday that it has partnered with the Bitfury Group to acquire, install, maintain and operate North America’s largest bitcoin mining datacenters.

Hut 8 is a bitcoin mining company led by CEO Sean Clark that gives shareholders access to the price appreciation of bitcoin and the emerging blockchain economy.

We are excited to partner with Hut 8 to expand our activities in the strategic North America market. We believe there is a tremendous opportunity to establish North America as one of the most important crypto-currency mining hubs in the world.

 

Valery Vavilov

CEO, Bitfury

Under the partnership, Bitfury will provide to Hut 8 a bitcoin mining solution comprised of a proprietary mix of hardware, software, installation and operational services.

Hut 8 intends to scale rapidly during 2018 with installed capacity set to exceed 60 MW. Hut 8 also maintains the exclusive option to get additional datacenters from Bitfury in North America.

Now, Hut 8 is offering approximately 13,200,000 shares on a private placement basis through GMP Securities L.P. Investors have the option of purchasing shares in this private placement round with bitcoin.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   94

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.