The mining firm White Rock Management, owned by Ukrainian entrepreneur Sergey Tron, announced the deployment of its first cryptocurrency mining operation in the United States.
The company will begin operations in the Brazos River Valley, north of Houston, Texas.
Initially, the firm’s mining installations will use electricity generated by burning flare gas. White Rock’s partner will be energy company NGON.
“The Brazos Valley facility is the first of several grid-independent projects we plan to launch in Texas. They will use associated natural gas from active oil wells, turning waste into a reliable, off-grid source of energy. The start of operations in the United States strengthens our position as a new player in the global digital asset mining industry,” said White Rock CEO Andy Long.
According to the press release, the Switzerland-based company operates bitcoin farms in Sweden with a capacity of 30 MW. It is expected that after starting operations in the United States, White Rock’s total hashrate will exceed 1.6 EH/s. At the time of writing, the figure stands at stands at 0.8 EH/s.
The company’s equipment supplier is Bitmain, a leading manufacturer in the industry.
“We are in expansion mode, actively exploring additional sites in the United States and other regions of North America, Europe and Latin America with a favourable business and political climate. We are also seeking potential merger and acquisition opportunities in the mining industry, as the current market environment is conducive to this,” said Sergey Tron.
Earlier in 2021, White Rock announced the opening of a 100 MW mining center in Kazakhstan.
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