Report: Bitmain Plans to Set Up 200,000 Crypto Mining Machines in China
Cointelegraph
Published Mar 21, 2019 03:56PM ET
Report: Bitmain Plans to Set Up 200,000 Crypto Mining Machines in China
Cryptocurrency mining giant Bitmain is reportedly planning to set up 200,000 units of mining equipment in China to benefit from low-cost hydroelectric power in the country, crypto media outlet CoinDesk reported on March 21.
A source from China familiar with the matter reportedly told CoinDesk that Bitmain will install 200,000 units of their own mining machines to take advantage of cheap hydroelectric power costs during the summer following the excessive rains in southwestern China. The mining equipment is estimated at around $80 million to $100 million.
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Written By: Cointelegraph
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