Canada Will Be The Site Of Bitfury’s New 28-MW Crypto Mining

Blockchain company Bitfury has announced the launch of a new crypto mining data center in Ontario, Canada, expected to reach 16 megawatts by the end of the month. and will expand to 28 megawatts by May.

followBitfury announced plans to add 12 MW of capacity in the coming months. This will bring the mine’s total capacity to 28 MW by the end of May. However, the company stressed that the mine could still be upgraded to operate at 200 MW, which is seven times the current capacity.

This mine is located in Sarnia. Featuring Bitfury’s ASIC mining chips, as well as other proprietary hardware and software, all Bitfury’s Canadian crypto mining facilities are heavily reliant on the Canadian cold climate for sustainable operations. and effective

Oleg Blinkov, head of data center development and operations at Bitfury, said:

“North America continues to represent an attractive strategic market for Bitfury and its broad range of digital asset mining. And we are excited to deepen our presence here and around the world.”

Back in October, Bitfury co-founder and CEO Valery Vavilov told about his plans to consider an initial public offering.

“As Bitfury and its portfolios continue to expand globally in digital assets, Bitfury will consider an IPO as part of its broader expansion and growth plans.”

Earlier this month, Michelle Rempel Garner, a member of the Canadian House of Representatives. has introduced a draft law which is a framework to promote the growth of crypto

“This framework will focus on reducing entry barriers to the crypto assets sector while protecting those working in the sector. and reduce administrative burden,” Garner said in the proposal.

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