Aoyon Ashraf
Aoyon Ashraf is crypto mining reporter with more than a decade of experience in covering equity markets
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 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.