Upon its completion, the facility will be the largest filecoin distributed storage infrastructure project in China.
The revenue for its crypto-specific GPUs is three times the company's projections.
The company also completed the signing of definitive agreements for 12,246 units of bitcoin mining machines with a total hashrate of 288PH/S.
The firm is acquiring the facility with the goal of “increasing the American footprint in the global bitcoin mining landscape.”
The acquisition of mining equipment maker Bee Computing comes amid the lottery-turned-crypto-mining firm’s shopping spree.
The troubled economy and extremely cheap electricity of Abkhazia attracted bitcoin mining, but now the government is cracking down.
Argo said "Terra Pool" will allow for the creation of "green bitcoin."
"I have had many institutions tell me they do not want to own 'China coin,'" he said at a Cboe event.
The project’s hashrate token, BTCST, can now be staked for rewards in bitcoin or a synthetic equivalent.
The 5-megawatt site will be solar-, wind- and natural gas-powered.
SBI Crypto has opened its mining pool service for both institutions and individuals.
It’s not a “true” double-spend, but does it matter if funds can still be duplicated and traded on an exchange?