Consistent with its previously announced mission to build the planet’s largest Bitcoin (BTC) mining facility in Texas, Northern Bitcoin AG has just announced a new partnership. The Frankfurt-based company will be working with former rival Whinstone US, Inc. on the 300 megawatt facility.
The site chosen for the mining operation spans more than 100 acres. When completed, it will not only be the largest Bitcoin mining facility on the planet, but also the largest single data centre in North America.
Northern Bitcoin and Whinstone Group Unite to Build Bitcoin Mining Mega-Farm
According to a press release published earlier today, the Frankfurt-based Northern Bitcoin AG has merged with one of its former competitors, Whinstone US, Inc. The two will work on one of the two massive new mining facilities recently announced for the state of Texas.
Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87) has entered into a merger agreement with its US competitor Whinstone US, Inc. The company already succ…Read more: https://t.co/wU848XSETu
— webnow (@webnowcompany) November 18, 2019
NewsBTC first reported on to-be-constructed facility last month. The more than 100 acre site will house the what is expected to be the planet’s largest BTC mining facility. Construction will take place in three different stages.
The newly partnered companies expect to complete the first phase of the mining mega-farm in the first quarter of 2020. Initially, the total capacity of the facility will be 300 megawatts. Whilst this will make it the largest BTC mining facility on the planet, there are plans to up the capacity to a massive one gigawatt by the end of next year.
Northern Bitcoin AG CEO, Mathis Schultz, commented on the recent merger:
“With this merger, we are catapulting ourselves faster than originally planned to the top of the world in Bitcoin mining. Whinstone’s team has done a great job over the past few years and is proving its leadership in the blockchain industry by building the…