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Bitcoin Mining Firms Merge To Build World’s Biggest Mining Facility

Northern Bitcoin, a bitcoin mining firm of Germany has entered a merger agreement with US-based mining firm Whinstone to jointly build the world’s largest mining farm.

On Nov. 18 a press release was published by Northern Bitcoin stating that Whinstone is already building the aforementioned facility expected to have a capacity of one gigawatt on an area of over 100 acres in Texas. It will allegedly be the largest data center in North America.

Construction Plan For The Mining Facility

The first phase of the construction is expected to conclude in Q1 2020 having a capacity of 300 megawatts. The final construction is expected to be completed in Q4 2020.

The first two clients to utilize the bitcoin mining facilities will reportedly be two publicly traded corporations. After its completion, the data center will allow for video rendering acceleration and artificial intelligence applications.

Northern Bitcoin is a sustainable Bitcoin mining company operating on a mining farm on renewable energy in Norway.

China’s Bitmain To Build a 300MW Texas Mining Farm

In October, Beijing based Bitmain TechnologiesLtd. and DMG Blockchain Solutions announced the launch of a 25MW mining facility in Rockdale, Texas.

The new mine aims to boost Bitmain’s international expansion that will soon expand to 50MW of processing power and then extend the operation’s capacity to more than 300MW.

Source: Business Wire| Cointelegraph | Image: Blockonomics



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