Sunday, December 10, 2023

Bitfury constructs 200MW capacity crypto mining facility in Canada

Undeterred by the Canadian government clamping down on crypto donations to the truckers’ protest movement, Bitfury is constructing a crypto mining facility in Ontario. The facility will have a capacity of 28 megawatts. It will have an initial capacity of 16 megawatts and will be launched by the end of this month.

Bitfury said an additional 12 megawatts of power will be completed by May-end. The facility can be further developed into a 200 MW operation. Brian Brooks, the CEO of Bitfury, said the company is pleased to expand its operations with the launch of its state-of-the-art facility in Sarnia in Ontario. Its venture in North America came about through its collaboration with Hut 8 – a Canadian crypto mining company. Oleg Blinkov, the Head of Data Center Development and Operations at Bitfury, said the company sees North America as an attractive proposition.

Some regions in Canada, such as Quebec are regarded as critical for crypto mining as its roaring rivers power environmentally-friendly mining activities. Hive Blockchain is building four sophisticated warehouses for crypto mining machines in Saint-Andre. With this facility, the company expects to mine five bitcoins per day. Moreover, there is also Compass Mining’s facility in Ontario. It runs on nuclear and hydro-power energy sources and has a capacity of 100 MW.

The setup of mining cryptocurrencies has grown from its initial desk-top style. It now requires specialized equipment worth thousands of dollars per farm, but is quick to establish and relocate.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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