Canada will host Bitfury’s new 28 MW crypto-mining facility

Canada will host Bitfury’s new 28 MW crypto-mining facility

The new crypto-mining facility in Sarnia, Ontario will operate at 16 MW by the end of this month and at 28 MW by May

Bitfury has announced the launch of a new crypto-mining data center in Ontario, Canada. The new mining center adds to the list of existing Canadian sites, which currently operate in Drumheller, Alberta and Medicine Hat.
Bitfury’s new mining facility in Ontario is expected to operate at 16 megawatts by the end of this month.
According to the announcement, Bitfury plans to add 12 MW of capacity in the coming months, which will bring the total capacity of the mining center to 28 MW by the end of May. However, the company pointed out that the plant could potentially be expanded to operate at 200 MW, more than seven times its current capacity.
In the city of Sarnia, the site is equipped with ASIC chips and other proprietary Bitfury hardware and software. All of Bitfury’s Canadian crypto-mining facilities rely on Canada’s cold climate to operate efficiently and sustainably. Announcing the start of the business, Oleg Blinkov, head of development and operation of Bitfury’s data centers, said:
“North America continues to be an attractive and strategic market for Bitfury and digital asset mining in general, we are thrilled to grow our presence here and around the world.”
In October, Bitfury co-founder and CEO Valery Vavilov spoke to Cointelegraph about his plan to accelerate the company’s global growth:
“Bitfury and its portfolio of companies continue their global expansion into the world of digital assets. In the meantime, we will also consider an IPO to broaden the expansion and growth plans. ”
This month, Michelle Rempel Garner, a member of Canada’s House of Commons, introduced a bill to incentivize crypto growth:
“Canada is expected to attract billions of dollars of investment in the fast-growing cryptocurrency sector. Today I tabled a bill, the first of its kind in Canada, to make this a reality. ”
“The framework must, among other things, focus on lowering the barriers to entry into the crypto sector, protecting those who work there and minimizing administrative burdens,” reads Garner’s proposal.