Bitfury Sets Up a Bitcoin Mining Facility in Canada

Bitfury, a bitcoin mining company based in Amsterdam, announced the launch of a new 28MW digital asset miner site in Ontario. The initial capacity will be 16MW. An additional 12MW will be added at the end of May.

Bitfury’s Next Mining Center

The company, which specializes in digital asset mining, currently operates sites in North America, Scandinavia, Eastern Europe and Central Asia. A recent press release stated that it would double its North American operations and establish a site at Sarnia, Ontario.

The new facility will have the right hardware and software solutions for blockchain. It will also use specialized ASIC chips as well as other high-performance mining equipment.

Brian Brooks, Bitfury’s CEO, stated that there is an “exceptionally high” demand for digital assets. He also said that Bitfury will use “best-in class infrastructure and operational expertise” in order to be a preferred partner to investors and clients around the world.

Oleg Blinkov – Bitfury’s Head of Data Center Development and Operations – said the firm aims to provide mining solutions that “harness the benefits of optimal energy, ultra-high-performance equipment, and unmatched data center management experience.”

He also described North America as an important region for Bitfury’s efforts. He concluded that “We are excited about deepening our presence here, and around the globe.”

The mining company was founded in 2011 and is one of the pioneers in its industry. It announced its intentions to go public in November 2022. Bitfury is valued at over $1 billion and has prominent backers like Mike Novogratz from Galaxy Digital.

Bitfury’s new boss

Brian Brooks was appointed the Chief Executive Officer of the company in November 2013. Before that, he was responsible for Binance US. Valery Vavilov, former CEO of Bitfury, was appointed Chairman of the Board of Directors as well as Chief Vision Officer.

Brooks pledged to make Bitfury one of the European leaders within the digital asset sector upon his appointment. Brooks also highlighted Bitfury’s best qualities, its innovative nature as well as its superior technologies.

He was also the Interim Head of the Office of the Comptroller of the Currency, (OCC), during the Trump administration. He was a strong supporter of blockchain technology and cryptocurrencies in 2020.

“Blockchain can connect all types of data in a distributed network. It can create large, frictionless, decentralized networks of people. Blockchain and crypto hold great promise.

Read More

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami