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Chinese Crypto Miner The9 Expands in US With Compute North Deal
The company also plans to add 14,000 miners with other hosting partners in countries including Canada.
The9 has signed a 32 megawatt (MW) mining capacity deal with Compute North to deploy 10,000 miners in the U.S.
- The high-end S19j miners will be online in the second quarter of 2022, the Shanghai, China-based miner said in a statement.
- The company also plans to add 14,000 miners with other hosting partners in countries including Canada, starting in December.
- With all 24,000 miners online, the company expects to have a hash rate of 2,160 petahash per second (PH/s).
- The move is the latest in the “great migration” of China-based crypto mining companies moving into other regions, particularly North America.
- On Oct. 19, Singapore-based miner Atlas Mining signed a 100-megawatt deal with Compute North to expand its U.S. mining operations.
STORY CONTINUES BELOW
Read more: Go West, Bitcoin! Unpacking the Great Hashrate Migration
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
