Bitmain and Allrise Capital have teamed up for cryptocurrency mining operations in the United States. The Chinese chipmaker with its American counterpart plans to convert a former paper mill in Washington into a crypto mining facility.
In April 2021, Allrise Capital bought the Ponderay mill in Usk for $18.1 million. It has plans to convert the mill, a 927-acre site, into one of the largest crypto mining farms in the US. Ruslan Zinurov, CEO of Allrise, says the partnership with Bitmain will enhance their growth plan of building one of North America’s largest sustainable digital asset mining platforms.
Bitmain is not wasting time with reports highlighting that about 90 shipping containers have arrived in Usk. The containers are packed with Bitmain-manufactured chips and mining equipment. Todd Behrend, a former plant manager, said more are arriving. He highlighted that the company intends to recruit 40 employees. Behrend believes the Bitmain and Allrise Capital partnership is a “great story” about bringing Chinese jobs to the US.
The site will initially operate 143 modular data centers that will need 100 megawatts of electricity. Bonneville Power Administration has already given the go-ahead for the power usage. Behrend pointed out that the modular-data centers are easy to ship as its built-in the dimensions of the containers. It has all the components. One just has to hook it up with power and communications. And start mining.