Bitmain Moves to Rural Texas & Hut 8 Mining Expansion - CryptoTime Ep. 34

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Beijing-based Bitcoin miner, Bitmain, has announced plans to build the world’s largest Bitcoin mine in Texas, USA. Bitstocks Relationship Managers, Antonio Shillingford and James Coughlan take you through the difficulties Bitmain have faced with their operations in Mainland China, and why setting up shop in Rockdale, Texas promises smoother operations for Bitmain AND a boost for the local economy.

 

In closely related news, Canadian Bitcoin miner, Hut 8 Mining Corp, is expanding its Drumheller, Alberta mining farm with nine Blockbox AC data centres purchased from the Bitfury Group. Antonio uses Hut 8 as an example of a Bitcoin mining company that’s setting itself up to best compete in the reshuffling of hashing power and profitability that’s under way.