Bitcoin miner Merkle Standard has formed a joint venture with Bitmain, one of the world’s largest Bitcoin mining equipment manufacturers, to increase its total computing power, or hash rate, from roughly 0.3 EH/s. 3.1 exahash (EH/s). With association, computing power increases by 900%.

Merkle disclosed that it added 40 megawatts (MW) of mining capacity to its South Carolina facility, bringing its total mining capacity to 140 MW.

The company said the machines to be used are Bitmain’s latest mining rigs, the S19 XP Mining Bitcoin (BTC), or the S19J Pro models, which are among the most energy efficient bitcoin miners on the market.

The site has exclusive rights to an additional 50 megawatts of electricity, allowing the site to expand to 86 megawatts

The site, Merkle’s main mine in eastern Washington, currently has 100MW of power generation online and is expected to reach 225MW by the end of 2023, with a maximum expansion capacity of 500MW.

The Blue Ridge base in South Carolina is the second facility for Merkle, which the company said it hopes to expand to 80MW of mining capacity by the end of 2024.

Jan 21, 2022 – Merkle Standard, a sustainable digital asset mining platform, announced a purchase order for new mining machines from Bitmain Technologies Ltd. The executed purchase agreement is for 13,500 mining rigs from a leading mining rig manufacturer. ASIC mining.

As the value of Bitcoin plunged 45 percent in June, many mining companies have gone to great lengths to adjust their operations; some are buying mining equipment, others are suspending mine construction, and still others are expanding projects.

In June, Bitfarms sold 1,500 bitcoins for around $62 million and used the proceeds to pay down debt.

In July, CleanSpark continued to expand its infrastructure by purchasing 1,061 Whatsminer M30S rigs at a deep discount.

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