Amsterdam-based Blockchain firm Bitfury has opened a new crypto-mining data infrastructure in Ontario, Canada. The new crypto mining hub joins the existing mining operations in Drumheller, Alberta, and Medicine Hat, Alberta.
Bitfury has joined hands with a budding Bitcoin mining firm, Hut 8 Mining, which is registered on the Toronto Stock Exchange. The partnership aims to start-up activities across North America. By the end of this month, the new crypto mining operation in Ontario should be up and running at 16 megawatts (MW).
According to Head of Data Center Development and Operations of Bitfury, Oleg Blinkov, North America is an attractive and strategic market for the company and crypto mining as a whole.
Bitfury eyes its mining operation capacity to increase to 28MW by May
Bitfury sets a goal to add 12MW of capacity in the next months, bringing the overall capacity of the mining operation to 28MW by the end of May 2022, according to the company. However, it adds that the facility may be modified to operate at 200MW, more than seven times its current capacity.
Blinkov said that the company is aiming to offer a leading turn-key digital asset infrastructure and mining solution to its users by “continuously developing competitive products that harness the benefits of optimal energy, ultra-high-performance equipment, and unmatched data center management experience.”
The site, which is equipped with Bitfury’s in-house ASIC mining chips along with other proprietary software and hardware, is located in the city of Sarnia.
Brian Brooks, the former CEO of Binance.US and joined Bitfury as CEO in November last year, said that being among the sector’s first and most renowned Bitcoin miners, the company aims to expand its operations with the opening of its state-of-the-art facility in Sarnia. He went on to add:
“The demand for exposure to digital assets is exceptionally high, and the combination of Bitfury’s best-in-class infrastructure and proven operational expertise uniquely positions us to serve as a partner of choice to customers and investors globally.”