Asset formula

Bitfury Group launches new digital asset mining facility in Ontario

AMSTERDAM–(BUSINESS WIRE)–Bitfury Group (“Bitfury” or the “Company”), the pioneer in Bitcoin mining and cryptographic technology, today announced the launch of a new mining data center of 28 MW digital assets in Sarnia, Ontario. The facility began operations with a planned capacity of 16 MW by the end of February and an additional 12 MW capacity to be completed by the end of May. The project has an expansion potential of up to 200 MW.

The Sarnia facility is equipped with Bitfury’s proprietary blockchain software and hardware solutions, including its specialized ASIC chips and other high-performance mining equipment. The new facility expands Bitfury’s hosting capacity and adds to the company’s existing active digital asset mining sites in North America, Scandinavia and Eastern Europe/Central Asia.

Brian Brooks, CEO of Bitfury, said: “As one of the earliest and most established bitcoin miners in the industry, we are pleased to continue to expand our operations with the launch of our state-of-the-art facility in Sarnia. The demand for exposure to digital assets is exceptionally high, and the combination of Bitfury’s state-of-the-art infrastructure and proven operational expertise uniquely positions us to serve as the partner of choice for customers and investors worldwide.

Oleg Blinkov, Head of Development and Data Center Operations at Bitfury, said:Bitfury strives to provide its customers with a turnkey digital asset infrastructure and mining solution by continuously developing competitive products that harness the benefits of optimal power, ultra-efficient equipment and an unparalleled data center management experience. North America continues to be an attractive and strategic market for Bitfury and digital asset mining in general, and we are excited to deepen our presence here and around the world.

About Bitfury Group

Bitfury Group is the first technology company in the world to unlock the full value chain of Bitcoin and other digital assets. Bitfury™ has built on its heritage as one of the first Bitcoin miners and developers of mining equipment to create solutions for the future – solutions like the advanced analytics platform Crystal™ Blockchain , which helps law enforcement and private sector clients make crypto assets safer and more compliant; the LiquidStack™ immersion cooling business, which dramatically reduces data center power consumption and makes Bitcoin mining and high-performance computing more environmentally sustainable; Axelera AI, which unlocks the potential of artificial intelligence with the world’s most advanced AI technologies; and others. Our mission is to make the world a safer place by innovating across all levels of technology – hardware, security and software – to restore trust back into the equation. To learn more, visit https://bitfury.com/.


Source link