Bitcoin Mining Firm Wattum Announces Growth into Niagara Falls
Wattum, a crypto mining company, revealed on Wednesday that it obtained a colocation property in Niagara Falls, New York, to expand its operations. According to the press release, the brand-new location will be organized by designating 5 megawatts by the end of 2021, and the company intends to grow its centers to power practically 50MW each month.
“We are incredibly happy to be broadening our mining operations when again, with the additional offering of our new Bitcoin mining containers, and are even more ecstatic that we get to expand our service offerings to a larger series of clients and partners. Wattum’s move into Niagara Falls is indicative of our team’s hard work, but also of the strong relationships we continue to develop with innovators throughout our market,” Arseniy Grusha, CEO of Wattum, commented.Moreover, the business stated that it broadened the sales group and started sourcing its own brand name of Wattum Containers and Wattum Transformers to fulfill the ongoing demand. Currently, its transformers are manufactured by General Electric, already deployed across North America.Suggested posts Trading Education: Boost Your Skills in FBS TraderGo to article > > United States Leading the Crypto
Mining Sphere As Financing Magnates reported just recently, a study from the UK Cambridge Centre for Option >>
Financing exposed that the United States
is now a heavyweight country in the Bitcoin(BTC)mining market, going beyond China. The figures are not unexpected, thinking about the current Chinese government’s crackdown on the crypto sector.China’s present hash rate plunged to zero levels by July from 44%in May to 75% in 2019, said the Cambridge Centre for Option Finance. That said, the study validates
how the miners are shifting their eyes towards North America, as the United States accounts for 35.4% of the global hash rate since completion of August, followed by Kazakhstan and Russia. Chinese miners are moving their operations to Central Asia nations due to its crypto mining-friendly environment in regards to regulatory frameworks. Published at Wed, 24 Nov 2021 21:32:26 +0000