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Bitfury Launches 28MW Canadian Mining Facility
Located in Sarnia, Ontario, the project can be expanded to as much as 200 megawatts.
Crypto tech firm Bitfury said operations have begun at its new Canadian mining site, with capacity expected to reach 16 megawatts by the end of the month, and another 12MW to be completed by the end of May.
- This Sarnia, Ontario, facility joins other Bitfury mining locations in North America, Norway and the Republic of Georgia. In Canada, the company has a partnership with crypto miner Hut 8 to mine digital assets in data centers located in the province of Alberta.
- "North America continues to represent an attractive, strategic market for Bitfury and digital asset mining at large," said Bitfury's Oleg Blinkov, the head of Data Centers Development & Operations.
- Other recent Ontario mining deals include a 140MW project jointly managed by Compass Mining and Red Jar Digital. This agreement was announced in November, with the project projected to be fully up and running early this year.
- Competitor Bitfarms, one of the largest mining companies operating in Canada, currently has most of its facilities located in the province of Quebec.
STORY CONTINUES BELOW
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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.
