SBI, GMO Reportedly Sign Deal with Operator of World’s Largest Bitcoin Mining Site
Marie Huillet's original article for cointelegraph.com reduced by 80%
The operator of what is set to become the world's largest Bitcoin mining facility has reportedly signed a deal with Japanese financial services giant SBI and internet provider GMO.A Jan. 7 BNN Bloomberg report claims that the two Japanese mega-firms have agreed in principle to process cryptocurrency transactions at a new mining facility - of unprecedented scale - now being developed in Rockdale, Texas. The facility will be operated by Whinstone Inc., a subsidiary of the Frankfurt-based Northern Bitcoin AG.Whinstone - which has been operating since 2014 and has its own mining sites across the Netherlands, Sweden and the United States - merged with Northern Bitcoin in November 2019 as the latter geared up to construct what is being slated as "The largest data center in North America and the largest Bitcoin mining facility in the world," on an area of ??over 40 hectares.
Texas: an emergent global mining hubNorthern Bitcoin AG's new site will reportedly launch operations with an initial capacity of 300 megawatts, expected to hit 1 gigawatt by the close of 2020.This would outstrip by almost three times the capacity of what is currently held to be the world's largest crypto mining site, operated by China's Bitmain Technologies Ltd. and situated on the former Alcoa aluminum smelter, also in Rockdale.
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CN [too long; didn’t read]
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