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Bitfury Installs a Bitcoin Mining Facility in Canada

Amsterdam-based bitcoin mining company Bitfury has announced that it will launch a new 28 MW digital asset mining site in Ontario, Canada. The facility will launch with an operating capacity of 16MW, while another 12MW will be added by the end of May.

Next Bitfury Mining Center

The technology company focused on mining digital assets currently has mining sites in Scandinavia, Eastern Europe, Central Asia and North America. According to a recent Press releasewill double its North American operations by establishing a facility in Sarnia, Ontario.

The new facility will be equipped with the appropriate blockchain software and hardware solutions. It will also employ specialized ASIC chips and other high-performance mining equipment.

Bitfury CEO Brian Brooks noted that current demand for digital assets is “exceptionally high”. As such, he stated that his company will apply “best-in-class infrastructure and proven operational experience” to serve as a partner of choice for its numerous customers and investors worldwide.

Oleg Blinkov – Bitfury’s head of data center development and operations – said the company aims to provide mining solutions that “take advantage of optimal energy, high-performance equipment and unparalleled data center management expertise.”

In addition, he described North America as a strategic region for Bitfury’s ventures. “We are excited to deepen our presence here and around the world,” he concluded.

Founded in 2011, the mining company is among the first players in its field. Last year, it revealed its intention to go public in November 2022. With a valuation of over $1 billion, Bitfury has prominent supporters like Mike Novogratz’s Galaxy Digital.

Bitfury’s new boss

In November of last year, Brian Brooks took over as the organization’s new CEO. Prior to that, he was in charge of Binance US. Upon his arrival, Valery Vavilov (former CEO of Bitfury) became Chairman of the Board of Directors and Director of Vision.

Following his appointment, Brooks pledged to establish the company among the European leaders in the digital asset industry. He also highlighted Bitfury’s most notable qualities – its innovative nature and superior technologies.

The American also served as acting head of the Office of the Comptroller of the Currency (OCC) under the Trump administration. In 2020, he proved to be a strong supporter of cryptocurrencies and blockchain technology:

“Blockchain has the potential to connect, in a decentralized network, all types of data. It has the ability to create large networks of decentralized and frictionless people. There is huge and great promise in blockchain and cryptocurrency.”

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I am CBC, I am a Crypto expert and a part-time blogger. I usually write about how and where to buy crypto coins in legit ways.

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