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Merkle Standard in Venture With Bitmain to Develop Data Centers
The bitcoin miner said the centers will be able to house over 150,000 mining machines.
California-based bitcoin miner Merkle Standard today announced a joint venture deal with Bitmain, one of the world’s largest bitcoin mining rig manufacturers, to develop data centers with up to 500 megawatts (MW) of capacity.
- Bitmain will provide the funding and technical support to develop the data centers, which will house Bitmain’s mining equipment. Merkle will be the majority owner of the joint venture, managing both the data center development process as well as the operations, once completed.
- The first phase of the development has already begun at Merkle’s Eastern Washington 225 MW facility. It’s expected to be completed in the second quarter. Merkle will be putting to work a variety of Bitmain’s S19J Pro, S19 XP and S19+ Hydro mining equipment at the site.
- The S19 Pro+ Hydro – Bitmain’s newest mining rig – uses liquid cooling technology. CoinDesk reported on Feb. 4 that Merkle Standard would be one of the first crypto miners in the U.S. to get that piece of equipment as it works to reach a capacity of 4.6 exahashes per second (EH/s) in computing power and achieve negative net carbon emissions by year end.
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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.
